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Popular with snowboard enthusiasts

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Reference no: EM132052628

Elsa's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Elsa's purchases of Xpert snowboards during September is shown below. During the same month, 167 Xpert snowboards were sold. Elsa's uses a periodic inventory system.

Date Explanation Units Unit Cost Total Cost

Sept. 1 Inventory 36 $98 $ 3,528

Sept. 12 Purchases 62 103 6,386

Sept. 19 Purchases 28 106 2,968

Sept. 26 Purchases 69 105 7,245

Totals 195 $20,1

I need help figuring out the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods.

FIFO LIFO

I need help figuring out the inventory at September 30 _______________________

I need help figuring out the Cost of goods sold ____________________________________

I need help figuring out what is the FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold.

FIFO LIFO

I need help figuring out what is ending inventory and cost of goods sold ___________________

Reference no: EM132052628

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