Question: Current Attempt in Progress Snow-Tech, Inc. sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and sales of

 Current Attempt in Progress Snow-Tech, Inc. sells an Xpert ski that
is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and

Current Attempt in Progress Snow-Tech, Inc. sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and sales of Xpert skis during November: Date Explanation Unit Unit Sales Cost/Price Price Units Nov. 1 Beginning inventory 32 $297 5 Purchases 20 302 12 Sales (43) 484 19 Purchases 40 307 22 Sales (45) 495 25 Purchases 33 312 37 (a) (6) Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Snow-Tech uses a periodic inventory system (Round FIFO answers to the nearest whole dollar, e.g. 5,275 and Average cost answers to 2 decimal ploces, e.g. 15.25. Round per unit cost to 2 decimal places, e.g. 15.25.) FIFO Average Cost Cost of goods sold $ Ending inventory $

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