Question

CALCULATOR STANDARD VIEW PR Exercise 6-15 Flint Corporation sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Flint Corporation's purchases of EZslide snowboards during September. During the same month, 106 EZslide snowboards were sold. Units Unit Cost Explanation Inventory Purchases Purchases Purchases Sept. 1 Sept. 12 Sept. 19 Sept. 26 113 Total Cost $1,430 5,085 6,270 2,530 $15,315 Totals 135 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Flint Corporation uses a perpetual inventory system. Date Units Sept. 5 Sale Sept. 16 Sale Sept. 29 Sale 51 Totals 106 Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 s September 5 s September 12 s September 16 September 19 September 26 September 29 Compute ending inventory at September 30 using FIFO, LIFO, and moving average. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventorys Click if you would like to Show Work for this question: Open Show Work

Answer 1

* Flint Cooporation sells a snowboasel calculate the average unit cost? sep. I Sep. 5 sep 12 Sep. 16 sep. 19 sep. 26 $ 110 110 112.7 112.7 113.93) 114-225 sep. 29 14-225 compute ending Inventory : FIFO $ 3328 LIFO $3268 | Aug cost 3313 The ending inventory

> Explanation : purchase Ending cost of Good sold P.U Toro unit cost cost Inventory pu TOTO cost cost Pesonit Toro cost cost unit unit 13 5 $ 1430 sep. I seps sep 12 8 10 880 550 To 45 113 5085 5. 550 5085 113 Aug cost Sep 16 Sep 19 us 50 112.75276 3 G7 55 114 6270 uyul Aug cost Sep 26 112. 7 5635 112.7 338 112.7 338 6270 113.931 6608 3.931 6608 115 2530 114.225 9138 114.225 3313 119.225 $3313 22 115 58 58 22 SO SI 114.225 5825 29 2530 Avg cost sep. 29 Toral 29 FIFO Sep 26 Sep 29 - 22 unit X 7 unit X 29 unit $ 115 $ 114 15 2530 798 $ 3328 LIFO sep Sep 12 1 3 unit x $ 10 26 unit x $ 113 29 unit $ 330 2938 13268