. SuperDuper Company sells top of the line skateboards. SuperDuper is concerned about maintaining high earnings and has chosen to use the periodic FIFO method of inventory costing. At the beginning of the year, SuperDuper had 5,000 skateboards in inventory, each costing $20. In April, SuperDuper purchased 2,000 skateboards at a cost of $22 and in August, purchased 4,000 more at a cost of $23. During the year, SuperDuper sold 9,000 skateboards for $40 each.

a. Record each purchase SuperDuper made.

b. Assuming there is no breakage or theft, how many skateboards are on hand at the end of the year?

c. Determine SuperDupers cost of goods sold using FIFO.