$*$E$6\mathrm{.}18($LO $2,\mathrm{.}7)$ AP Xpert Snowboards sells an ultra$-$lightweight snowboard that is considered to be one of the best on the market. Information

follows for Xpert's purchases and sales of the ultra$-$lightweight snowboard in October:

Instructions

a$.$ Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Xpert uses a perpetual inventory system.

Round the weighted average cost per unit to two decimal places.

b$.$ What would be the ending inventory and cost of goods sold if Xpert used FIFO and weighted average in a periodic inventory system? Round

the weighted average cost per unit to two decimal places.

Record transactions in perpetual and periodic inventory systems.