Information about Elsa's Boards is presented in E6-4. Additional data regarding Elsa's sales of Xpert snowboards are provided below. Assume that Elsa'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.

(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 Revenue Sept. 5 Sale Sept. Sale Sept. 29 Sale 12 50 59 121 $199 199 209 $ 2,388 9,950 12,331 $24,669 Totals