Wildhorse Co. sells a snowboard, WhiteOut, that is popular with snowboard enthusiasts. Presented below is information relating to Wildhorse Co.'s purchases of WhiteOut snowboards during September. During the same month, 99 WhiteOut snowboards were sold at $170 each. Wildhorse Co. uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 (a) Explanation Units Inventory Purchases Purchases Purchases Totals Ending inventory Cost of goods sold $ 21 $ 37 20 41 119 Unit Cost $100 FIFO 106 110 112 Total Cost Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. 2,240 $2,100 3,922 2,200 4,592 $12,814 $ $ LIFO

Wildhorse Co. sells a snowboard, WhiteOut, that is popular with snowboard enthusiasts. Presented below is information relating to Wildhorse Co's purchases of WhiteOut snowboards during September. During the same month, 99 WhiteOut snowboards were sold at $170 each. Widhorse Co, uses a periodic inventory system. (a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods