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Sandhill Co. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date Number of Units Unit Price May 7 48 $14 July 28 36 19 On June 1, Sandhill sold 24 units, and on August 27,36 more units. * Your answer is incorrect. Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.) June 1 sale: $ 336 Aug. 27 sale: $ 23.720 Compute the cost of goods sold using FIFO, LIFO, and average-cost. (Round answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST Cost of goods sold $ 938 938 $ 1058 1058 1189.92 1189.92 Buffalo Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Buffalo Corp's purchases of EZslide snowboards during September. During the same month, 103 EZslide snowboards were sold. Buffalo Corp. uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost end Sept. 1 Inventory $ 1,540 Sept. 12 Purchases $110 113 114 5,650 Sept. 19 Purchases 6,156 Sept. 26 Purchases 2,530 Totals 140 $15,876 (a) 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 O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at September 30 $ (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, eg, 125.) - FIFO LIFO AVERAGE-COST Cost of goods sold $ Pearl Industries uses a periodic inventory system. Its records show the following for the month of May, in which 76 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory $324 36 24 15 Purchase - 1 10 240 24 Purchase 440 Total 100 $1,004 Calculate the weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost $ e Textbook and Media Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at May 31 $ Blue Spruce Corp.sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Blue Spruce Corp.'s purchases of EZslide snowboards during September. During the same month, 103 EZslide snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 11 $1,276 Sept. 12 Purchases $116 119 120 5,236 Sept. 19 Purchases 6,600 Sept. 26 Purchases 2,662 Totals 132 $15,774 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Blue Spruce Corp, uses a perpetual inventory system, Units Date Sept. 5 Sale Sept. 16 Sale Sept 29 Sale Totals - 103 Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 $ September 5 $ September 12 $ September 16 $ September 19 $ September 26 $ September 29 $ e Textbook and Media Compute ending inventory at September 30 using FIFO, LIFO, and moving average. (Round answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory $
