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I need the answer to this please! Exercise 6-15 (Part Level Submission) Powder, Inc. sells an Xpert snowboard that is popular with snowboards enthusiasts. The
I need the answer to this please!
Exercise 6-15 (Part Level Submission) Powder, Inc. sells an Xpert snowboard that is popular with snowboards enthusiasts. The following information shows Powder's purchases and sales of Xpert snowboards during November: Unit Units Cost Unit Sales Price Date Transaction 31 $296 23 301 (42) 44 305 (47) 35 315 November 1 Beginning inventory 5 Purchases 12 Sales 19 Purchases 22 Sales 25 Purchases $490 484 (a) Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Powder uses a perpetual inventory system. (Round answers to o decimal places,e.g. 5,275.) FIFO Average Cost of goods sold Ending inventorydStep by Step Solution
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