Information about Andrea?s Boards is presented in E6-4. Additional data regarding Andrea?s sales of Xpert snowboards are provided below. Assume that Andrea?s uses a perpetual inventory system.

Instructions

(a) Compute ending inventory at September 30 using FIFO, LIFO, and moving-average cost.

(b) Compare ending inventory using a perpetual inventory system to ending inventory using a periodic inventory system (from E6-4).

(c) Which inventory cost flow method (FIFO, LIFO) gives the same ending inventory value under both periodic and perpetual? Which method gives different ending inventory values?

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Date Units Unit Price Total Cost $ 2,388 Sept. 5 Sept. 16 Sept. 29 $199 199 Sale 12 Sale 50 9,950 Sale 59 209 12,331 Totals 121 $24,669