Question: Current Attempt in Progress Dorothy's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Dorothy's purchases of Xpert snowboards
Current Attempt in Progress Dorothy's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Dorothy's purchases of Xpert snowboards during September is shown below. During the same month, 126 Xpert snowboards were sold. Dorothy's uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 29 $95 $2,755 Sept. 12 Purchases 45 102 4,590 Sept. 19 Purchases 20 20 104 2,080 Sept. 26 Purchases 50 105 5,250 Totals 144 $14,675 (a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. The ending inventory at September 30 $ Cost of goods sold $ eTextbook and Media Save for Later FIFO $ $ (b) For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. The sum of ending inventory and cost of goods sold $ LIFO Attempts: 0 of 5 used Submit Answer FIFO $ LIFO
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