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Question 2 of 2 < -12 Current Attempt in Progress Pharoah Company sells a snowboard. WhiteOut, that is popular with snowboard enthusiasts. Presented below
Question 2 of 2 < -12 Current Attempt in Progress Pharoah Company sells a snowboard. WhiteOut, that is popular with snowboard enthusiasts. Presented below is information relating to Pharoah Company's purchases of WhiteOut snowboards during September. During the same month, 115 WhiteOut snowboards were sold at $170 each. Pharoah Company uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 29 $100 $2.900 Sept. 12 Purchases 39 * 106 4,134 Sept. 19 Purchases 28 110 3,080 Sept. 26 Purchases 42 112 4,704 Totals 138 $14,818 (a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods.
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