Question

ett Discover Current Attempt in Progress Mary's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Mary's purchases of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Mary's uses a periodic inventory system Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory $2.470 Sept. 12 Purchases 4,500 Sept. 19 Purchases 2,040 Sept. 26 Purchases 5.150 Totals $14,160

Answer 1

30lua on oll scomputation - FIGO The ending inventory at Sep 30 20 1 Cost of goods sold too $2060 | UFO 20 $ 1900

Notes Date Explanation or ALFO Unit LIFO Unit Unit Tinit cast Total Unit Cost Total 1141 Sept 1. Inventory /26/$95 $9470 Septia. Purchases 145/100! 4500 sept 19 Purchases |20/102 1 2040 Sept 26 Puuchase ! - 5150 $ 14160 26.95 $2470 45.100 - 4500 20/109 २०५७ 3090 seplso inventory (20103 $ 2060 Total $2470 100 4500 २०५० 150 $14160 50 103 $5150 | 20/102| 2040 145 100 4500 570 20 195 $1900 Lesst Sale Balance Uncler 770 Balence of 20 units en sep 30 of $ 8060 relates to purchases made on Sept. 3o.(20 unit @ $103) Balance Under LIFO Balance of ao units on sept. 30 of $1900 relates to inventory balance on Sept. 1. (20 units @ $95)