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Wildhorse sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Wildhorse's beginning inventory and purchases of EZslide snowboards
Wildhorse sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Wildhorse's beginning inventory and purchases of EZslide snowboards during September. During the same month, 103 Ezslide snowboards were sold. Wildhorse uses a periodic inventory system. Units Total Cost 11 Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases 45 Unit Cost $102 105 106 107 $ 1,122 4.725 5.088 2.354 48 22 126 Totals $13,289 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 $ $ The ending inventory at September 30 Cost of goods sold $
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