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:

Unit Cost Total Cost Date Explanation Units 12 45 50 20 $100 $ 1,200 Inventory Sept. 12 Sept. 19 Sept. 26 Purchases Purchases Purchases Totals 103 104 105 4,635 5,200 2,100 $13,135 127