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Exercise 6-5 Whispering Winds's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Whispering Winds's purchases of Xpert snowboards during
Exercise 6-5 Whispering Winds's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Whispering Winds's purchases of Xpert snowboards during September is shown below. During the same month, 254 Xpert snowboards were sold. Whispering Winds's uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost 55 95 $97 104 Sept. 1 Sept. 12 Sept. 19 Sept. 26 Inventory Purchases Purchases Purchases $ 5,335 9,880 4,578 11,970 42 109 105 114 Totals 297 $31,763 Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO The ending inventory at September 30 A Cost of goods sold " LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. FIFO LIFO The sum of ending inventory and cost of goods soldt Click if you would like to Show Work for this question: Open Show Work
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