Question

View Policies Current Attempt in Progress ort Carla Vista Co sells a snowboard, EZSlide, that is popular with snowboard enthusiasts. Below is information relating to E slide snowboards during September. During the same month, 106 Ezslide snowboards were sold. Carla Vista Co.uses a periodic inventory system Date Explanation Units Unit Cost Total Cost lings Sept. 1 Inventory $100 103 Sept. 12 Purchases $1,500 4,326 Sept. 19 Purchases 5.928 Sept. 26 Purchases 2.205 Totals $13,959 (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, es 125.153 and final answers to 0 decimal places, s. 125.) FIFO LIFO AVERAGE-COST The ending inventory at September 30 $ (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, s. 125.153 and final answers to decimal places. es. 125) FIFO AVERAGE-COST LIFO Cost of goods sold S e Textbook and Media Attempts: 0 of 6 used Submit Awe

Answer 1

= 135 calculation of Ending inventory units :- Total units available for sale less: Ntal units sold = 206 Ending inventory units = 29 units a) Ending inventory FIFO → (21x $105) + (*8 * $104). > $3,037) LIFO - (1.5*8100) + (14x $ 103) ($2,942) Average cost Avg cost per unit total cost of goods available for sale, Nou of units. - $13,959 - $103.4 135 & 29x $103.4 = 1$2,999 Ending inventory b) cost of goods sold FIFO (1588100) + (42% 8103) + (499&104) $10,9227 LIFO (21x8105) + (5778104) + (2x 8 103) = ($11,017) Average cost & 106 units x $103.4 = [8 10,960

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