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Maria's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Maria's purchases of Xpert snowboards during September is shown
Maria's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Maria's purchases of Xpert snowboards during September is shown below. During the same month, 120 Xpert snowboards were sold. Maria's 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 (a) Compute the ending inventory at September 3dand cost of goods sold using the FIFO and LIFO methods The ending inventory at September 30 Cost of goods sold eTextbook and Media Save for Later FIFO LIFO Attempts: 0 of 5 used Submit Answer
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