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Marigold Corp. uses a periodic inventory system and reports the following for the month of June. (a) Compute the cost of the ending inventory and
Marigold Corp. uses a periodic inventory system and reports the following for the month of June. (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125 .) Concord sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Concord's beginning inventory and purchases of EZslide snowboards during September. During the same month, 102 EZslide snowboards were sold. Concord uses a periodic inventory system. Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average-cost methods. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) eTextbook and Media Attempts: 1 of 3 used Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (a) Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2.) Inventory data for Culver Corporation are presented as follows. Assume a sale of 409 units occurred on June 15 for a selling price of $8 and a sale of 55 units on June 27 for $9. (a1) (a2). Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125. Round answers to 0 decimal places, e.g. 125.)
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