US Kims, Accounting, 6e Help System Announcements CALCULATOR RACK Exercise 6-4 Sandhill Co. sells a snowboard, EZ slide, that is popular with snowboard enthusiasts. Below is information relating to Sandhill Co.'s purchases of Eslide snowboards During the same month, 107 EZslide snowboards were sold. Sandhill Co. uses a periodic inventory system. Date Units Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases 11 44 54 20 Unit Cost $105 108 109 110 Total Cost $ 1,155 4,752 5,886 2,200 $13,993 Totals 129 (a) Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e answers to o decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at September 30 $ $ (b) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal plac answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST $ $ $ Cost of goods sold Click if you would like to Show Work for this question: Qren Show Work a e rch US Kims, Accounting, 6e Help System Announcements CALCULATOR RACK Exercise 6-4 Sandhill Co. sells a snowboard, EZ slide, that is popular with snowboard enthusiasts. Below is information relating to Sandhill Co.'s purchases of Eslide snowboards During the same month, 107 EZslide snowboards were sold. Sandhill Co. uses a periodic inventory system. Date Units Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases 11 44 54 20 Unit Cost $105 108 109 110 Total Cost $ 1,155 4,752 5,886 2,200 $13,993 Totals 129 (a) Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e answers to o decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at September 30 $ $ (b) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal plac answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST $ $ $ Cost of goods sold Click if you would like to Show Work for this question: Qren Show Work a e rch
