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Mary's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Mary's purchases of Xpert snowboards during September is shown below.

Mary's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Mary's purchases of Xpert snowboards during September is shown below. During the same month, 120 Xpert snowboards were sold. Unit Date Explanation Units Cost Total Cost Sept. 1 Inventory Sept. 12 Purchases: Sept. 19 Purchases Sept. 26 Purchases Totals 135 8 25 $90 $2,250 100 4,500 20 105 2,100 45 108 4,860 $13,710 Additional data regarding Mary's sales of Xpert snowboards are provided below. Assume that Mary's uses a perpetual inventory system. Unit Total Date Units Price Revenue Sept. 5 Sale 10 $180 $1,800 Sept. 16 Sale 50 180 9,000 Sept. 29 Sale 60 206 12,360 Totals 120 $23,160 Calculate moving average cost at Sept 1, 5, 12, 16, 19, 26 & 29. (Round answers to 2 decimal places, e.g. 1.25.) September 1 $ 90.000 September 5 $ 90.000 September 12 $ 97.500 September 16 $ 97.500 September 19 $ 102.500 September 26 $ 105.800 September 29 $ 105.800 Compute ending inventory at September 30 using FIFO, LIFO, and moving-average cost. (Round average cost per unit to 2 decimal places, e.g. 12.50 and final answer to O decimal places, e.g. 1.250.) The ending inventory FIFO 1620 LIFO MOVING-AVERAGE COST 1425 $ 1587 Compare ending inventory using a perpetual inventory system to ending inventory using a periodic inventory system. Periodic Perpetual Ending Inventory FIFO Ending Inventory LIFO $ SA

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