Question
Splish Brothers Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Splish Brothers Inc.s purchases of EZslide snowboards
Splish Brothers Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Splish Brothers Inc.s purchases of EZslide snowboards during September. During the same month, 101 EZslide snowboards were sold.
Date | Explanation | Units | Unit Cost | Total Cost | ||||
Sept. 1 | Inventory | 11 | $106 | $1,166 | ||||
Sept. 12 | Purchases | 46 | 109 | 5,014 | ||||
Sept. 19 | Purchases | 53 | 110 | 5,830 | ||||
Sept. 26 | Purchases | 21 | 111 | 2,331 | ||||
Totals | 131 | $14,341 |
Additional data regarding the companys sales of EZslide snowboards are provided below. Assume that Splish Brothers Inc. uses a perpetual inventory system.
Date | Units | |||
Sept. 5 | Sale | 8 | ||
Sept. 16 | Sale | 48 | ||
Sept. 29 | Sale | 45 | ||
Totals | 101 |
Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to 0 decimal places, e.g. 125.)
Please show work.
**This is all the information given. What exact information do you feel is not there? Then maybe I can help.**
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