Compute the ending inventory at september 30 using the fifo

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Reference no: EM13589908

Delmott sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Delmottâ??s purchases of Xpert snowboards during September. During the same month, 101 Xpert snowboards were sold. Delmott uses a periodic inventory system.

Date	Explanation	Units	Unit Cost	Total Cost
Sept. 1	Inventory	13	$105	$ 1,365
Sept. 12	Purchases	43	107	4,601
Sept. 19	Purchases	51	110	5,610
Sept. 26	Purchases	20	113	2,260
	Totals	127		$13,836

a.) Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.)

b.) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.)

Reference no: EM13589908

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