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Targaret Duarus ses a STUUUaru, Apert that popular WTSTOVUOSI U enthusia, non eratg tu of Xpert snowboards during September is shown below. During the same
Targaret Duarus ses a STUUUaru, Apert that popular WTSTOVUOSI U enthusia, non eratg tu of Xpert snowboards during September is shown below. During the same month, 120 Xpert snowboards were sold. Unit Cost Date Explanation Units Total Cost Sept. 1 25 $50 $1,250 Inventory Purchases Sept. 12 45 58 2,610 Sept. 19 Purchases 15 60 900 Sept. 26 Purchases 40 61 2,440 Totals 125 $7,200 Additional data regarding Margaret's sales of Xpert snowboards are provided below. Assume that Margaret's uses inventory system. Unit Price Total Revenue Date Units Sept. 5 Sale 10 $181 $1,810 Sept. 16 Sale 50 181 9,050 Sept. 29 Sale 60 213 12,780 Totals 120 $23,640 Your Answer Correct Answer (Used) Compute ending inventory at September 30 using FIFO, LIFO, and moving average cost. (Round average cost per unit to 2 decimal places, e.g. 12.50 and final answer to 0 decimal places, e.g. 1,250.) FIFO LIFO MOVING-AVERAGE COST The ending inventory 305 $ 200 300 Compare ending inventory using a perpetual inventory system to ending inventory using a periodic inventory system, Periodic Perpetual Ending Inventory FIFO $ $ 305 Ending Inventory LIFO $ $ $
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