Question: Current Attempt in Progress Mather sells a snowboard, EZslide that is popular with snowboard enthusiasts. The following is information relating to Mather's beginning inventory and
Current Attempt in Progress Mather sells a snowboard, EZslide that is popular with snowboard enthusiasts. The following is information relating to Mather's beginning inventory and purchases of EZslide snowboards during September. During the same month, 102 EZslide snowboards were sold. Mather uses a periodic inventory system Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals Units 12 45 50 20 127 Unit Cost $100 103 104 Total Cost $ 1.200 4,635 5.200 2,100 $13,135 105 Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, UFO, and average-cost methods. (Round per unit cost to 3 decimal places, s 15.647 and final answers to decimal places, s. 5,125) FIFO UFO Average-cost The ending inventory at September 30 $ 5 Cost of goods sold
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