Sheridan sells a snowboard, Whiteout, that is popular with snowboard enthusiasts. presented below is information relating to Sheridan's purchases of WhiteOut snowboards during September. During the same month, 128 Whiteout snowboards were sold at $171 each. Sheridan uses a periodic inventory system.

(b) Your answer is correct. For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. What do you notice about the answers you found for each method? What is gross profit under each method? (a) Your answer is correct. Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. Current Attempt in Progress Sheridan sells a snowboard, WhiteOut, that is popular with snowboard enthusiasts. Presented below is information relating to Sheridan's purchases of WhiteOut snowboards during September. During the same month, 128 WhiteOut snowboards were sold at $171 each. Sheridan uses a periodic inventory system