Hans Inc. is a merchandising company that resells equestrian saddles.  The company’s inventory data is as follows: Cost of Goods Available for Sale Jan. 1 Beginning Balance 3 units @ $200 = $600 Jan. 5 Purchase 2 units @ $400 = $800 Jan. 20 Purchase 3 units @ $500 = $1,500 Retail Sales of Goods Jan. 15 Sales 2 units @ $800 = $1,600 Jan. 31 Sales 1 units @ $1,000 = $1,000 For the January 15th sale, the company sold 1 unit that originally cost $200 and 1 unit that cost $400.  For the January 31st sale, the 1 unit sold originally had a cost of $500. Using the FIFO method, the ending inventory balance for January would be:   Answer formatting -when typing in your answer please include a dollar sign, a comma if necessary,  use whole numbers, omit any periods, and make sure your response has no spaces.  For example, $1,200

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Bhil

Buffalo Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Buffalo Corp.’s purchases of EZslide snowboards during September. During the same month, 103 EZslide snowboards were sold. Buffalo Corp. uses a periodic inventory system. Date   Explanation   Units   Unit Cost   Total Cost Sept. 1   Inventory   14   $110   $ 1,540 Sept. 12   Purchases   50   113   5,650 Sept. 19   Purchases   54   114   6,156 Sept. 26   Purchases   22   115   2,530     Totals   140       $15,876 (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.g. 125.153 and final answers to 0 decimal places, e.g. 125.)     FIFO   LIFO   AVERAGE-COST The ending inventory at September 30   $Enter a dollar amount    $Enter a dollar amount    $Enter a dollar amount    (b) Compute the…