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Sweet Acacia Co. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sweet Acacia Co.s purchases of EZslide snowboards

Sweet Acacia Co. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sweet Acacia Co.s purchases of EZslide snowboards during September. During the same month, 103 EZslide snowboards were sold.

Date

Explanation

Units

Unit Cost

Total Cost

Sept. 1

Inventory

14

$110

$1,540

Sept. 12

Purchases

45

113

5,085

Sept. 19

Purchases

49

114

5,586

Sept. 26

Purchases

25

115

2,875

Totals

133

$15,086

Additional data regarding the companys sales of EZslide snowboards are provided below. Assume that Sweet Acacia Co. uses a perpetual inventory system.

Date

Units

Sept. 5

Sale

9

Sept. 16

Sale

49

Sept. 29

Sale

45

Totals

103

Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.)

September 1

$enter a dollar amount

September 5

September 12

September 16

September 19

September 26

September 29

Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to 0 decimal places, e.g. 125.)

FIFO

LIFO

AVERAGE-COST

The ending inventory

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