Question

Martinez Corp, sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Martinez Corp's purchases of EZslide Discussions snowboards during September During the same month, 98 EZslide snowboards were sold Martinez Corp.uses a periodic iventory system Conferences Date Explanation Units Unit Cost Total Cost Collaborations Sept. 1 Inventory 13 $101 $1313 WileyPLUS Support Sept. 12 Purchases 46 104 4784 Sept. 19 Purchases 51 105 5,355 Sept. 26 Purchases 21 106 2.226 Totals 131 $13678 (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 e 125153 and final answers to 0 decimal places, es 125) P AVERAGE COST FIFO LIFO S The ending inventory at September 30

Answer 1

weighted average cost pes wit - 413678 , Floy.up2 131 = Ending Inventory at sept 30 = ((Ending units) = 131-98 = 33 units) FIFO melhada =(21x $106) + (12 x $105) - $3486. LIFO method : - (3 * $ 101)+(20 x $104) - $3393 • Average.cost method: (33 * $ low.412) = 3445.596 $3446 as cost of goods sold @ sept. 30 : - Alfo method: . (13x $101) + (46n #lon) +(39 * $ 105) $ $19,192 • LIFO nethed : 21x $106)+(51* $105) + (26% $104) = $ 10,285 Ancrage cost method : 98 X $ loy, 412) = 102-32.376 $ 102-32. Thanks