Pearl Corp. sells a snowboard, EZslide, 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 Sept. 1 Inventory 10 $107 $1,070 Sept. 12 Purchases 46 110 5,060 Sept. 19 Purchases 53 111 5,883 Sept. 26 Purchases 21 112 2,352 Totals 130 $14,365 (e) Compute the ending inventory at September 30 using the FIFO, LIFO and average cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at September 30 3003 2590 2983 (b) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, eg. 125.153 and final answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST Cost of goods sold 10869 11282 10889 Brief Exercise 6-10 Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses menufacturer Oakley Inc. ending inventory $150,000; beginning inventery $115,000; cost of goods sold $304,750 and sales revenue $761,000. Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover times LINK TO TEXT Calculate the days in inventory for Oakley, Inc. (Round days in inventory to 0 decimal places, e.g. 125.) Days in inventory days Click if you would like to Show Work for this question: Open Show Work PRINTER VERSION BAC Problem 6-04A a The management of Sheffield Corp. asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2022, the accounting records show these data Inventory, January 1 (13,500 units) Cost of 118,000 units purchased Selling price of 104,000 units sold Operating expenses $ 40,500 401,200 796,000 126,500 Units purchased consisted of 30,000 units at $3.20 on May 10; 68,000 units at $3.40 on August 15; and 20,000 units at $3.70 on November 20. Income taxes are 28%. (a) Prepare comparative condensed income statements for 2022 under FIFO and LIFO. (Round answers to O decimal places, eg. 5,125.) Sheffield Corp. Condensed Income Statements FIFO LIFO Version 4 FIFO LIFO SSIGNMENT ESOURCES hapter 6 Homework Exercise 6-04 Exercise 6-07.al-a2 (Part Level Suhmission) Brief Exercise 6-10 Problem 6-04A Exercise 7-15 a teview Score Review Results by Study Objective $. Work for this question: Open Show Work