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

Information about Sherper’s Boards is presented in E6-4. Additional data regarding Sherper’s sales of Xpert snowboards are provided below. Assume that Sherper’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 E).
(c) Which inventory cost flow method (FIFO, LIFO) gives the same ending inventory value under both periodic and perpetual? Which method gives different ending inventoryvalues?

Date Units 12 50 59 121 Unit Price $199 203 209 Total Revenue $2,388 10,150 12,331 $24,869 Scpt. 5 Scpt. 16 Sept. 29 Sale Sale Sale Totals