Compare ending inventory using a perpetual inventory

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Reference no: EM131130074

Information about Andrea's Boards is presented in E6-4. Additional data regarding Andrea's sales of Xpert snowboards are provided below. Assume that Andrea's uses a perpetual inventory system.

Instructions

(a) Compute ending inventory at September 30 using FIFO, LIFO, and moving-average cost.

(b) Compare ending inventory using a perpetual inventory system to ending inventory using a periodic inventory system (from E6-4).

(c) Which inventory cost flow method (FIFO, LIFO) gives the same ending inventory value under both periodic and perpetual? Which method gives different ending inventoryvalues?

Reference no: EM131130074

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