(a) Your answer is correct. Compute ending inventory at September 30 using FIFO and moving average cost. (Round per unit FIFO MOVING AVERAGE COST The ending inventory HK$L 17,100 HK$U 16,697 SHOW SOLUTION LINK TO TEXT (b) Compare ending inventory using a perpetual inventory system to ending inventory using a periodic in places, e.g. 125.) Periodic Perpetual Ending Inventory FIFO HK$ HK$ Ending Inventory Average HK$ HK$ Exercise 6-16 (Part Le Cheyenne's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relatir month, 166 Xpert snowboards were sold. Cheyenne's uses a perpetual inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 32 HK$970 HK$ 31,040 Sept. 12 Purchases 62 1,050 65,100 Sept. 19 Purchases 27 1,080 29,160 Sept. 26 Purchases 1,140 68,400 Totals HK$193,700 60 181 Date Sept. 5 Sept. 16 Sept. 29 Units 16 69 Sale Sale Sale Totals Unit Price HK$1,940 1,940 2,110 Total Cost HK$31,040 133,860 170,910 HK$335,810 81 166