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Sandhill Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information folle for Sandhill's purchases and
Sandhill Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information folle for Sandhill's purchases and sales of the ultra-lightweight snowboard in October: Date Transaction Units Unit Purchase Price Unit Sales Price Oct. 1 Beginning inventory 25 $299 10 Purchase 30 305 12 Sale (42) $475 13 Purchase 35 311 25 Sale (45) 485 27 Purchase 20 317 (a) (a) X Your answer is incorrect. Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Sandhill uses a perpetual inventory system. (Round the weighted average cost per unit and final answers to 2 decimal places, eg. 5,265.25.) Ending inventory Cost of goods sold eTextbook and Media FIFO 26435 7290 Weighted Average 26442.99 7282.11
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