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Pearl Corp. sells a snowboard, Exslide that is popular with snowboard enthusiasts. Below is information relating to Pearl Corp's purchases of EZslide snowboards during September.
Pearl Corp. sells a snowboard, Exslide that is popular with snowboard enthusiasts. Below is information relating to Pearl Corp's purchases of EZslide snowboards during September. During the same month, 102 EZslide snowboards were sold. Pearl Corp, uses a periodic inventory system Date Explanation Units Unit Cost Total Cost $1,070 Sept. 1 Inventory 10 $107 Sept. 12 Purchases 46 110 5,060 Sept. 19 Purchases 53 111 5,883 Sept. 26 Purchases 21 112 2,352 $14,365 Total 130 al Compute the ending inventory at September 30 using the FIFO, LIFO and average cost methods. (Round average cost per unit to 3 decimal places, s 125 153 and final answers to decimal places, s. 125) FIFO LIFO AVERAGE-COST The ending inventory at September 30 261100 25206 2577.53 Sept. 26 Purches 21 2352 Totals 130 $14,365 w Compute the ending inventory at September 30 using the FIFO, LIFO and average-cout methods found average cost per unit to 3 decimal places. 125.153 and final answers to decimal places, s. 125) FIFO LIFO AVERAGE-COST The ending inventory at September 30 2611.00 $ 2529.00 257753 b) Compute the cost of poods sold at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, s 125,153 and final answers to decimal places, os 125 FIFO LIFO AVERAGE-COST Cost of goods sold 11458.00 11540,00 1149147 e Textbook and Media Swe for later Attempts: 1 of 3 used Submit
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