Tamarisks Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Tamarisks purchases of Xpert snowboards during September is shown below. During the same month, 157 Xpert snowboards were sold.Tamarisks uses a periodic inventory system.

Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods.

For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. *Would be nice for a step by step solution! *

Date Units Unit Cost Total Cost Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals 34 59 26 65 184 $101 105 109 114 3,434 6,195 2,834 7,410 $19,873