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Pina Colada sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Pina Colada's beginning inventory and purchases of
Pina Colada sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Pina Colada's beginning inventory and purchases of EZslide snowboards during September. During the same month, 99 EZslide snowboards were sold. Pina Colada uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals Units 11 46 50 Unit Cost $84 87 88 89 Total Cost $ 924 4.002 4,400 1,602 $10.928 18 125 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, e.g. 15.647 and final answers to decimal places, e.g. 5,125.) FIFO LIFO Average-cost $ $ $ $ The ending inventory at September 30 Cost of goods sold $ $ $ $
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