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Oriole Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Oriole Company's purchases of EZslide snowboards during September.
Oriole Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Oriole Company's purchases of EZslide snowboards during September. During the same month, 103 EZslide snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory R 14 $102 $1,428 Sept. 12 Purchases Purchases 45 105 4,725 Sept. 19 Purchases 106 5,194 Sept. 26 Purchases 25 107 107 2,675 $14,022 Totals 133 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Oriole Company uses a perpetual inventory system. Date Units Sept. 5 Sept. 16 Sale Sale 1 Sale Totals Sept. 29 49 45 103 - Your answer is partially correct. Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 102 September 5 $ 102 September 12 98.712 September 16 $ September 19 September 26 $ September 29 $ * Your answer is incorrect. Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO The ending inventory
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