Question: Can you please show the work step by step? So can you label what each number is. I'm missing a step. I believe I'm confused


Compute ending inventory at September 30 using FIFO, LIFO, and moving average cost. (Round average-cost per unit to 2 decimal places, eg. 12.50 and final answer to decimal places, eg. 1,250.) FIFO LIFO MOVING-AVERAGE COST $ $ The ending inventory 3.000 $ Maria's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Maria's purchases of Xpert snowboards during September is shown below. During the same month, 120 Xpert snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 25 $ 40 $1,000 Sept. 12 Inventory Purchases Purchases 45 42 1,890 Sept. 19 15 45 675 Sept. 26 Purchases 50 46 2,300 Totals 135 $5,865 Additional data regarding Maria's sales of Xpert snowboards are provided below. Assume that Maria's uses a perpetual inventory system Date Units Unit Price Total Revenue Sept. 5 Sale 10 $ 182 $1,820 Sept. 16 Sale 50 182 9.100 Sept. 29 Sale 60 215 12.900 Totals 120 $ 23,820 Life / wits Maits sad: 25145+15+56=135 10+SO+60=120 EI: 135-120 = 15 VIC 15.40 - 3,000 est unik
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
