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Sarasota Corp. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1

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Sarasota Corp. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5 $ 600 12 Purchases 390 6 2,340 23 Purchases 210 7 1,470 30 Inventory 220 Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to O decimal places, e.g. 125.) FIFO LIFO Average-cost The cost of the ending inventory $ $ The cost of goods sold Ivanhoe Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Ivanhoe Company's purchases of EZslide snowboards during September. During the same month, 104 EZslide snowboards were sold. Units 12 Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Unit Cost $110 113 46 Total Cost $1,320 5,198 5,928 2,990 $15,436 52 114 26 115 Totals 136 Additional data regarding the company's sales of Ezslide snowboards are provided below. Assume that Ivanhoe Company uses a perpetual inventory system, Units 8 Date Sept. 5 Sept. 16 Sept. 29 Sale Sale Sale 48 48 104 Totals PRINTER VERSION { BACK NEXT Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 $ September 5 $ September 12 $ September 16 $ September 19 $ September 26 $ September 29 $ 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 $

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