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Oriole Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Oriole's purchases and
Oriole Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Oriole's purchases and sales of the ultra-lightweight snowboard in October: Date Transaction Units Unit Purchase Price Unit Sales Price Oct. 1 Beginning inventory 25 $295 10 Purchase 30 303 12 Sale (42) $473 13 Purchase 35 309 25 Sale (45) 483 27 Purchase 20 315 (a) Your answer is incorrect Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Oriole uses a perpetual inventory system. (Round the weighted average cost per unit and final answers to 2 decimal places, eg 5,265.25) Ending inventory Cost of goods sold FIFO Weighted Average
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