Question
Two: (14 points) Boarders sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Boarder's purchases of Xpert snowboards during
Two: (14 points) Boarders sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Boarder's purchases of Xpert snowboards during September During the same month, 121 Xpert snowboards were sold. Boarders use a periodic inventory system. Date Explanation Units Unit cost Total cost Sept 1 Inventory 26 597 $2.322 Sept. 12 Purchases 45 102 4,590 Sept. 19 Purchases 20 104 2,080 Sept. 26 Purchases 50 105 5,250 Total 141 $14,442 Required: Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods
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