Information about Boarders is presented in E6-4. Additional data regarding Boarders’ sales of Xpert snowboards are provided below. Assume that Boarders 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?

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