Question: *E6-17 Information about Linda's Boards is presented in E6-4. Additional data regarding Linda's sales of Xpert snowboards are provided below. Assume that Linda's uses a
*E6-17 Information about Linda's Boards is presented in E6-4. Additional data regarding Linda's sales of Xpert snowboards are provided below. Assume that Linda's uses a perpet- ual inventory system. Date Sept. 5 Sale Sept. 16 Sale Sept. 29 Sale Units Unit Price Total Revenue 50 59 121 $199 199 209 $2,388 9,950 12,331 $24,669 Totals Instructions (a) Compute ending inventory at September 30 using FIFO, LIFO, and moving-average cost. (Round average cost per unit to nearest cent.) using a periodic inventory system (from E6-4). value under both periodic and perpetual? Which method gives different ending inven- (b) Compare ending inventory using a perpetual inventory system to ending inventory (c) Which inventory cost flow method (FIFO, LIFO) gives the same ending inve tory values? *E6-17 Information about Linda's Boards is presented in E6-4. Additional data regarding Linda's sales of Xpert snowboards are provided below. Assume that Linda's uses a perpet- ual inventory system. Date Sept. 5 Sale Sept. 16 Sale Sept. 29 Sale Units Unit Price Total Revenue 50 59 121 $199 199 209 $2,388 9,950 12,331 $24,669 Totals Instructions (a) Compute ending inventory at September 30 using FIFO, LIFO, and moving-average cost. (Round average cost per unit to nearest cent.) using a periodic inventory system (from E6-4). value under both periodic and perpetual? Which method gives different ending inven- (b) Compare ending inventory using a perpetual inventory system to ending inventory (c) Which inventory cost flow method (FIFO, LIFO) gives the same ending inve tory values
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