Oriole Company sells a snowboard, WhiteOut, that is popular with snowboard enthusiasts. Presented below is information relating to Oriole Company's purchases of WhiteOut snowboards during September. During the same month, 103 WhiteOut snowboards were sold at $170 each. Oriole Company uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 (a) Explanation Units Inventory Purchases Purchases Purchases Totals Ending inventory Cost of goods sold $ 23 $ 39 22 40 124 Unit Cost $100 FIFO 106 110 112 Total Cost Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. $2,300 4,134 2,420 4,480 $13,334 $ $ LIFO

Oriole Company sells a snowboard, WhiteOut, that is popular with snowboard enthusiasts. Presented below is information relating to Oriole Company's purchases of White Out snowboards during September. During the same month, 103 White Out snowboards were sold at $170 each. Oriole Company uses a periodic inventory system. (a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods