Compute ending inventory at september 30 using fifo lifo

Reference no: EM13597170

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.

DATE Explanation Units Unit Cost Total Cost

sep 1 Inventory 26 98 2548
sep 12 Purchases 45 105 4725
sep 19 Purchases 20 108 2160
sep 26 Purchases 50 115 5750

Additional data regarding Boarders' sales of Xpert snowboards are provided below. Assume that Boarders uses a perpetual inventory system.

Date Units Unit Cost Total cost
sep 5 sale 12 199 2388
16 sale 50 199 9950
29 sale 59 209 12331

Compute ending inventory at September 30 using FIFO, LIFO, and average cost. (Round average cost per unit to 2 decimal places, e.g. 10.50. Round final answers to 0 decimal places, e.g. 125.)

Reference no: EM13597170

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