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Pharoah sells a snowboard. EZslide, that is popular with snowboard enthusiasts. The following is information relating to Pharoah's beginning inventory and purchases of EZslide snowboards
Pharoah sells a snowboard. EZslide, that is popular with snowboard enthusiasts. The following is information relating to Pharoah's beginning inventory and purchases of EZslide snowboards during September. During the same month, 104 EZslide snowboards were sold. Pharoah uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 13 $91 $1.183 Sept. 12 Purchases 47 94 4,418 Sept. 19 Purchases 52 95 4,940 Sept. 26 Purchases 19 96 1,824 Totals 131 $12,365 Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average cost methods. (Round per unit cost to 3 decimal places, eg. 15.647 and final answers to O decimal places, e.g. 5,125) The ending inventory at September 30 Cost of goods sold FIFO LIFO Average-cost
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