shop *E6-15 Xpert Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the Apply periodic and perpetu market. Information follows for Xpert's purchases and sales of the ultra-lightweight snowboard in October: FIFO and weighted average Date Transaction Units Units Unit Purchase Price (LO 2,7) AP Unit Sales Price Oct. 1 Beginning inventory 25 $295 Purchase 300 12 Sale $450 Purchase 35 305 Sale (45) 460 Purchase 10 30 (42) the 27 20 310 Instructions (a) Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Xpert uses a perpetual inventory system. (Round the weighted average cost per unit to two decimal places) What would be the ending inventory and cost of goods sold if Xpert used FIFO and weighted average in a periodic inventory system? (Round the weighted average cost per unit to two decimal places.) that all of Ynert'sales are for cash and all of Record transactions in sual and periodis Record purchase and sales transactions-perpetual system. (LO 1. 2. 3) AP (c) Calculate the gross profit earned by DeVito on these transactions. 35-6 The following merchandise transactions occurred in December. Both companies use a perpetual inventory system. Dec. 3 Pippen Company sold merchandise to Thomas Co. for $32,000, terms 2/10, n/30, FOB destination. This merchandise cost Pippen Company $18,000. The correct company paid freight charges of $650. 8 Thomas Co. returned unwanted merchandise to Pippen. The returned merchandise had a sales price of $1,800 and a cost of $990. It was restored to inventory. 13 Pippen Company received the balance due from Thomas Co. Instructions (a) Prepare the journal entries to record these transactions on the books of Pippen Company (b) Prepare the journal entries to record these transactions on the books of Thomas Co ming that Thomas Co. had a balance in Merchandise Inventory on December of So d a balance in the Merchandise Inventory account at the end of December for Thomas Co of of entor