Marias Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Marias purchases of Xpert snowboards during September is shown below. During the same month, 120 Xpert snowboards were sold. Marias uses a periodic inventory system.

Date		Explanation		Units		Unit Cost		Total Cost
Sept. 1		Inventory		28		$97		$ 2,716
Sept. 12		Purchases		45		102		4,590
Sept. 19		Purchases		20		104		2,080
Sept. 26		Purchases		50		105		5,250
		Totals		143				$14,636

Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods.

a)

		FIFO		LIFO
The ending inventory at September 30		$enter a dollar amount		$enter a dollar amount
Cost of goods sold		$enter a dollar amount		$enter a dollar amount

For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. b)

		FIFO		LIFO
The sum of ending inventory and cost of goods sold		$enter a dollar amount		$enter a dollar amount