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Sheffield Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sheffield Corp.s purchases of EZslide snowboards during September.
Sheffield Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sheffield Corp.s purchases of EZslide snowboards during September. During the same month, 100 EZslide snowboards were sold.
Sheffield Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sheffield Corp's purchases of EZslide snowboards during September. During the same month, 100 EZslide snowboards were sold Date Explanation Units Unit Cost Total Cost $1,166 4,469 5,830 2,442 $13,907 Sept.1 Inventory Sept. 12 Purchases Sept. 19 Purchases Sept. 26 Purchases $106 109 110 41 53 Totals 127 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Sheffield Corp. uses a perpetual inventory system. Date Units Sept. 5 Sale Sept. 16 Sale Sept. 29 Sale 49 Totals 100 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 eTextbook and Media Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory$Step by Step Solution
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