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Question 7 of 8 - / 12 Shamrock, Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sharrock,
Question 7 of 8 - / 12 Shamrock, Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sharrock, Inc's purchases of EZslide snowboards during September. During the same month, 103 EZslide snowboards were sold. Shamrock, Inc. uses a periodic inventory systern. Date Units 10 Unit Cost $111 Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals 114 56 60 Total Cost $1.110 6.384 6,900 2,784 $17.178 24 115 116 150 (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, eg, 125,153 and final answers to decimal places, eg. 125.) FIFO The ending inventory at September 30 LIFO AVERAGE-COST $ $ (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, es. 125.153 and final answers to 0 decimal places, es, 125.) FIFO LIFO The ending inventory at September 30 AVERAGE-COST $ $ (b) Compute the cost of goods sold at September 30 using the FIFO, UFO and average cost methods. (Round average cost per unit to 3 decimal places, eg. 125.153 and final answers to decimal places, s. 125.) FIFO LIFO AVERAGE-COST Cost of goods sold $
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