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Compute the ending inventory at september

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Reference no: EM131592168

Question - Your answer is incorrect. Try again.  Sandhill Co. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sandhill Co.'s purchases of EZslide snowboards during September. During the same month, 107 EZslide snowboards were sold. Sandhill Co. uses a periodic inventory system.

Date Explanation Units Unit Cost Total Cost

Sept. 1Inventory11 $105 $ 1,155

Sept. 12Purchases44 108 4,752

Sept. 19Purchases54 109 5,886

Sept. 26Purchases20 110 2,200

Totals129 $13,993

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

(b) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods.

Reference no: EM131592168

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