Question: CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Exercise 6-4 Blue Spruce Corp, sells a snowboard, EZside, that is popular with snowboard enthusiasts. Below is information
CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Exercise 6-4 Blue Spruce Corp, sells a snowboard, EZside, that is popular with snowboard enthusiasts. Below is information relating to Blue Spruce Corp.'s purchases of EZslide snowboards during September. During the same month, 94 EZslide snowboards were sold. Blue Spruce Corp. uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 12 $98 $1,176 Sept. 12 Purchases 45 101 4,545 Sept. 19 Purchases 54 102 5,508 Sept. 26 Purchases 21 103 2,163 Totals 132 $13,392 (a) Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. (Round averege cost per unit to 3 decimal places, e.g 125.153 and final answers to 0 decimal places, e.g. 125.) FIFO AVERAGE-COST LIFO The ending inventory at September 30 (b) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.) LIFO AVERAGE COST FIFO Cost of goods sold 230 PM
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