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Sage Hill Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sage Hill Inc.s purchases of EZslide snowboards

Sage Hill Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sage Hill Inc.s purchases of EZslide snowboards during September. During the same month, 116 EZslide snowboards were sold.

Date

Explanation

Units

Unit Cost

Total Cost

Sept. 1

Inventory

15

$110

$1,650

Sept. 12

Purchases

49

113

5,537

Sept. 19

Purchases

58

114

6,612

Sept. 26

Purchases

24

115

2,760

Totals

146

$16,559

Additional data regarding the companys sales of EZslide snowboards are provided below. Assume that Sage Hill Inc. uses a perpetual inventory system.

Date

Units

Sept. 5

Sale

8

Sept. 16

Sale

54

Sept. 29

Sale

54

Totals

116

Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.)

September 1

$enter a dollar amount

September 5

$enter a dollar amount

September 12

$enter a dollar amount

September 16

$enter a dollar amount

September 19

$enter a dollar amount

September 26

$enter a dollar amount

September 29

$enter a dollar amount

Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to 0 decimal places, e.g. 125.)

FIFO

LIFO

AVERAGE-COST

The ending inventory

$enter a dollar amount $enter a dollar amount $enter a dollar amount

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