Question: need help finding the correct answers the incorrect ones are outlined in red! please clearly state the answers. Your answer is partially correct. Kingbird sells

need help finding the correct answers the incorrect ones are outlined in red! please clearly state the answers. need help finding the correct answers the incorrect ones are outlined in

Your answer is partially correct. Kingbird sells a snowboard, EZslide that is popular with snowboard enthusiasts. The following is information relating to Kingbird's beginning inventory and purchases of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Kingbird uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals Units 12 43 52 19 126 Unit Cost $118 121 122 123 Total Cost $ 1.416 5.203 6,344 2.337 $15.300 Compute the ending inventory at September 30 and the cost of goods sold using the FIFO. LIFO and average-cost methods. (Round per unit cost to 3 decimal places, eg, 15.647 and final answers to decimal places es 5.125) FIFO LIFO Average cost 7583 220 3.157.526 The ending inventory at September 30 Cost of goods sold ( 4206 12.750

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!