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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.

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,121Xpert snowboards were sold. Linda's uses a periodic inventory system.

Date

Explanation

Units

Unit Cost

Total Cost

Sept. 1Inventory26

$97

$2,522

Sept. 12Purchases45

102

4,590

Sept. 19Purchases20

104

2,080

Sept. 26Purchases50

105

5,250

Totals141

$14,442

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$

$

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