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Martinez Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Martinez Corp.s purchases of EZslide snowboards during September.
Martinez Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Martinez Corp.s purchases of EZslide snowboards during September. During the same month, 116 EZslide snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 15 $106 $1,590 Sept. 12 Purchases 49 109 5,341 Sept. 19 Purchases 58 110 6,380 Sept. 26 Purchases 23 111 2,553 Totals 145 $15,864 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Martinez Corp. uses a perpetual inventory system. Date Units Sept. 5 Sale 8 Sept. 16 Sale 54 Sept. 29 Sale 54 Totals 116 Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 $ September 5 $ September 12 $ September 16 $ September 19 $ September 26 $ September 29 $ e Textbook and Media Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory $ $ e Textbook and Media
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