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Calculate the ending inventory september

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Reference no: EM132481419

Elsa's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Elsa's purchases and sales of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Elsa uses a periodic inventory system.

Date                    Explanation              Units                  Unit Cost                     Total Cost

Sept. 1                 Inventory            26                     $97                           $2,522

Sept. 12                Purchases           45                       105                            4,725

Sept. 19               Purchases             20                       107                            2,140

Sept. 26               Purchases             20                           108                       5,400

Totals:                                             141                                                   $14,787

Question 1: Calculate the ending inventory September 30 and cost of good sold using FIFO and LIFO. Fill in the blanks below and show all work/explain how to calculate each answer

Reference no: EM132481419

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