Linda's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Linda's purchases of Xpert snowboards during September is shown below. During the same month,303Xpert snowboards were sold. Linda's uses a periodic inventory system.

Date

Explanation

Units

Unit Cost

Total Cost

Sept. 1Inventory65

$100

$6,500

Sept. 12Purchases113

104

11,752

Sept. 19Purchases50

108

5,400

Sept. 26Purchases125

113

14,125

Totals353

$37,777

(a)

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$

$

Cost of goods sold$

$