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Compute the ending inventory at september

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Reference no: EM132650488

Helen's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Helen's purchases of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Helen's uses a periodic inventory system.
     
Date        Explanation.     Units         Unit Cost.              Total Cost
Sept 1.    Inventory.          26.            $97.                  $2,522
Sept 12. Purchases.         45.          104.                        4,680
Sept 19. Purchases.         20.           106.                    2,120
Sept 26. Purchases.         50.            107.                     5,350
            Totals.              141                                      $14,672

Question 1: Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods.

Reference no: EM132650488

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