ment CALCULATOR PRINTER VERSION BACK NEXT Question 7 Sheffield Boards sells snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Sheffield's purchases of Xpert snowboards during September is shown below. During the same month, 359 Xpert snowboards were sold. Sheffield's uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 68 HK$1,000 HK$ 68,000 Sept. 12 Purchases 134 1,033 138,422 Sept. 19 Purchases 59 1,075 63,425 Sept. 26 Purchases 131 1,149 150,519 392 HK$420,366 Totals FIFO (a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and average-cost methods. (Round per unit cost to 3 decimal places, e.g. 15.125 and final answers to o decimal places, e.g. 125.) Average-Cost The ending inventory at September 30 HK$ HKS Cost of goods sold HK$ HKSI (b) For both FIFO and average-cost, calculate the sum of ending inventory and cost of goods sold. (Round per unit cost to 3 decimal places, e.g. 15.125 and final answers to o decimal places, e.g. 125.) FIFO Average-Cost The sum of ending inventory and cost of goods sold HK$| HK$ By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor