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Teal Mountain Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Teal Mountain Inc's purchases of EZslide snowboards
Teal Mountain Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Teal Mountain Inc's purchases of EZslide snowboards during September. During the same month, 110 EZslide snowboards were sold. Explanation Units Unit Cost Total Cost Date $107 $1,391 Inventory 13 Sept. 1 Purchases 4,950 Sept. 12 45 110 111 Purchases 58 6,438 Sept. 19 Purchases 112 2,576 Sept. 26 $15,355 139 Totals 23 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Teal Mountain Inc. uses a perpetual inventory system. Date Units Sale Sept. 5 8 Sale 48 Sept. 16 54 Sale Sept. 29 110 Totals Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) $ September 1 107 $ September 5 $ September 12 $ September 16 $ September 19 $ September 26 $ September 29 eTextbook and Media X Your answer is incorrect 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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