Question: Edit: I notice the first image came out a bit small, so this one below might help. Splish Brothers Inc. sells a snowboard, EZslide, that


Edit: I notice the first image came out a bit small, so this one below might help.

Splish Brothers Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Splish Brothers Inc.'s purchases of EZslide snowboards during September. During the same month, 104 EZslide snowboards were sold. Explanation Total Cost Date Units Unit Cost $1,309 11 $119 Sept. 1 Inventory Sept. 12 47 122 5,734 Purchases Purchases 52 123 6,396 Sept. 19 3,224 Purchases 26 124 Sept. 26 $16,663 136 Totals Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Splish Brothers Inc. uses a perpetual inventory system. Date Units 8 Sept. 5 Sale Sale Sept. 16 48 48 Sept. 29 Sale 104 Totals Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to 0 decimal places, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory Unit Cost Total Cost Explanation Date Units $1,309 11 $119 Sept. 1 Inventory Sept. 12 Sept. 19 47 122 5,734 Purchases 123 Purchases 52 6,396 26 Purchases 124 3,224 Sept. 26 136 $16,663 Totals Additional data regarding the company's sales of EZslide snowboards are provided Units Date Sept. 5 Sept. 16 Sale 48 Sale 48 Sept. 29 Sale 104 Totals
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
