Current Attempt in Progress Windsor sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Windsor's purchases of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Windsor uses a periodic inventory system. Date Sept. 1 12 19 26 Explanation Units Unit Cost Inventory $122 Purchase 124 Purchase Purchase Total 15 45 50 20 130 126 127 Total Cost $1,830 R. 5,580 6,300 2,540 $16,250 Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods.
Current Attempt in Progress Windsor sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Windsor's purchases of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Windsor uses a periodic inventory system. Date Sept. 1 12 19 26 Explanation Units Unit Cost Inventory $122 Purchase 124 Purchase Purchase Total 15 45 50 20 130 126 127 Total Cost $1,830 R. 5,580 6,300 2,540 $16,250 Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods.
Ending inventory at September
30
Cost of goods sold $
FIFO
Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods,
R
FIFO
$
LIFO
LIFO
AVERAGE-COST
AVERAGE COST
Transcribed Image Text:Current Attempt in Progress
Windsor sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Windsor's purchases
of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Windsor uses a periodic
inventory system.
Date
Sept. 1
12
19
26
Explanation Units Unit Cost
Inventory
$122
Purchase
Purchase
Purchase
Total
15
45
50
20
130
|
124
126
127
Total Cost
$1,830
R₁
5,580
6,300
2,540
$16,250
Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods.
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