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?

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