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?

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