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Novak Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Novak Corp.'s purchases of EZslide snowboards during September.
Novak Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Novak Corp.'s purchases of EZslide snowboards during September. During the same month, 106 EZslide snowboards were sold. Date Explanation Units Total Cost Unit Cost $117 Sept. 1 Inventory $1,521 Sept. 12 Sept. 19 Purchases Purchases 55 121 6 5,400 ,655 Sept. 26 Purchases 2,684 Totals 135 $16,260 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Novak Corp. uses a perpetual inventory system. Date Units Sept. 5 Sale Sept. 16 Sale Sept. 29 Sale Sale 2 Totals 106 Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 $ September 5 ta September 12 $ September 16 ta September 19 $ 1 September 26 $ September 29 $ e Textbook and Media Compute ending inventory at September 30 using FIFO, LIFO, and moving average. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory $
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