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Metlock sells a snowboard. EZslide, that is popular with snowboard enthusiasts. Below is information relating to Metlock's purchases of EZslide snowboards during September. During
Metlock sells a snowboard. EZslide, that is popular with snowboard enthusiasts. Below is information relating to Metlock's purchases of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Metlock uses a periodic inventory system Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 15 $108 $1.620 12 Purchase 45 110 4,950 19 Purchase 50 112 5.600 26 Purchase 20 113 2,260 Total 130 $14,430 Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. Ending inventory at September 30 FIFO 2020 LIFO Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods Cost of goods sold FIFO LIFO AVERAGE-COST AVERAGE-COST
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