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Splish Brothers sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Splish Brotherss purchases of EZslide snowboards during September.

Splish Brothers sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Splish Brotherss purchases of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Splish Brothers uses a periodic inventory system.

Date

Explanation

Units

Unit Cost

Total Cost

Sept.

1

Inventory

15

$94

$1,410

12

Purchase

45

96

4,320

19

Purchase

50

98

4,900

26

Purchase

20

99

1,980

Total

130

$12,610

Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods.

FIFO

LIFO

AVERAGE-COST

Ending inventory at September 30

$enter ending inventory using First In First Out at September 30 in dollars $enter ending inventory using Last In First Out at September 30 in dollars $enter ending inventory using average-cost at September 30 in dollars

Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods.

FIFO

LIFO

AVERAGE-COST

Cost of goods sold $enter cost of goods sold using First In First Out in dollars $enter cost of goods sold using Last In First Out in dollars $enter cost of goods sold using average-cost in dollars

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