Flying Tomato sells a snowboard, WhiteOut, that is popular with snowboard enthusiasts. Presented below is information relating to Flying Tomato's purchases of WhiteOut snowboards during September. During the same month, 121 WhiteOut snowboards were sold at $170 each. Flying Tomato uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Units Unit Cost Inventory Purchases (b) Purchases Purchases Totals Ending inventory $ Cost of goods sold $ 25 eTextbook and Media 45 Your answer is correct. 24 50 144 Sou for Lace $100 FIFO 106 110 112 Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. 2576 Total Cost 12934 $2,500 4,770 2,640 5,600 $15,510 $ $ The sum of ending inventory and cost of goods sold $ What do you notice about the answers you found for each method? LIFO For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. FIFO 2300 13210 Under both methods, the sum of the ending inventory and cost of goods sold are $ Attempts: 1 of 2 used LIFO Attempts: 0 of 2 used Submit Anguer

Flying Tomato sells a snowboard, Whiteout that is popular with snouboard enthusiasts Presented belowis information relating to Flying Tomato's purchases of Whitcout snowboards during Septertber. During the same month, 121 WhiteOut snowboards were sold at $170 each Flying Tomato uses a periodicieventory system. (a) Compute the endineinventory at September 30 and cost of goods soid using the FIFO and LFO methods. eTextbook and Media Attempts: 1 of 2 used (b) For boch FIFO and UFO, cliculate the sum of ending imventory and coat of goods xold