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View Policies Current Attempt in Progress Kingbird sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Kingbird's beginning
View Policies Current Attempt in Progress Kingbird sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Kingbird's beginning inventory and purchases of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Kingbird uses a periodic inventory system. Unit Cost Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Units 12 43 52 19 126 $118 121 122 123 Total Cost $ 1,416 5.203 6,344 2,337 $15.300 Totals Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average cost methods. (Round per unit cost to 3 decimal places, es. 15.647 and final answers to decimal places, eg. 5,125.) FIFO LIFO Average-cost $ $ $ 31612 The ending inventory at September 30 Cost of goods sold $ $
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