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Question 9 of 10 -72 III E View Policies Current Attempt in Progress Metlock sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below
Question 9 of 10 -72 III E View Policies Current Attempt in Progress Metlock sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Metlock's purchases of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Metlock uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 15 $ 108 $1,620 12 Purchase 45 110 4,950 19 Purchase 50 112 5,600 26 Purchase 20 113 2,260 Total 130 $ 14.430 Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. FIFO LIFO AVERAGE-COST Ending inventory at September 30 $ $ Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. FIFO LIFO AVERAGE-COST Cost of goods sold $ $ $
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