Sandras Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Sandras purchases of Xpert snowboards during September is shown below. During the same month, 125 Xpert snowboards were sold. Sandras uses a periodic inventory system.

Date		Explanation		Units		Unit Cost		Total Cost
Sept. 1		Inventory		29		$95		$ 2,755
Sept. 12		Purchases		45		100		4,500
Sept. 19		Purchases		20		102		2,040
Sept. 26		Purchases		50		103		5,150
		Totals		144				$14,445

(a)

New attempt is in progress. Some of the new entries may impact the last attempt grading.

Your answer is incorrect.

Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods.

		FIFO		LIFO
The ending inventory at September 30		$enter a dollar amount		$enter a dollar amount
Cost of goods sold		$enter a dollar amount		$enter a dollar amount

eTextbook and Media

Assistance Used

Save for Later

Attempts: 2 of 5 used

Submit Answer

(b)

For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold.

		FIFO		LIFO
The sum of ending inventory and cost of goods sold		$enter a dollar amount		$enter a dollar amount