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Marin sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Marin's purchases of EZslide snowboards during September. During the
Marin sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Marin's purchases of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Marin uses a periodic inventory system. Units Unit Cost Date Sept. 1 Explanation Inventory Total Cost $1,260 15 $84 12 Purchase 45 86 3,870 19 Purchase 50 88 4.400 26 Purchase 20 89 1.780 Total 130 $11,310 Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. FIFO LIFO AVERAGE-COST Ending inventory at September 30 Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. FIFO LIFO AVERAGE-COST Cost of goods sold $ $
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