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please help me calculate my two averages. I keep doing it wrong. it said during the same month, no date. I figured it out. I
please help me calculate my two averages. I keep doing it wrong.
it said "during the same month", no date. I figured it out. I was missing multiplying the average cost per unit times units left and units sold. Thanks anyways!
Question 1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Oriole Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to O Company's purchases of EZslide snowboards during September. During the same moth, 94 EZslide snowboards weresold Company uses d periodic inventory system. Date Explanation Units Unit Cost Total Cost $108 $1,404 Sept. 1 Inventory 13 Sept. 12 111 5,106 Purchases 46 112 5,264 Sept. 19 Purchases 47 2.034 18 113 Sept. 26 Purchases $13.808 124 Totals Totals 124 $13,808 a) Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per L ecimal places, eg. 125.153 and final answers to 0 decimal places, eg 125) FIFO LIFO AVERAGE-COs The ending inventory at September 30 $ 3378 3291 ) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per ecimal places, e g. 125.153 and final answers to 0 decimal places, e.g. 125J FIFO LIFO AVERAGE-COST ost of goods sold 10517 10430 111.420Step by Step Solution
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