Mather sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Mather's purchases of EZslide snowboards during September. During the same month, 102 EZslide snowboards were sold. Mather uses a periodic inventory system.

Instructions
Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average-cost methods. (For average-cost, round the average unit cost to three decimal places.) Prove the amount allocated to cost of goods sold under each method.

Transcribed Image Text:

Date Explanation Units Unit Cost Total Cost Sept. 1 Sept. 12 Sept. 19 Purchases Sept. 26 1,200 4,635 5,200 2,100 $13,135 Inventory 12 45 $100 104 105 Purchases Totals