Question: View Policies Current Attempt in Progress Blue Spruce sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Blue

 View Policies Current Attempt in Progress Blue Spruce sells a snowboard,

View Policies Current Attempt in Progress Blue Spruce sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Blue Spruce's beginning inventory and purchases of EZslide snowboards during September. During the same month, 97 EZslide snowboards were sold. Blue Spruce uses a periodic inventory system Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 13 $88 $ 1.144 Sept. 12 Purchases 91 4,095 Sept. 19 Purchases 50 92 4,600 Sept. 26 Purchases 22 93 2.046 Totals 130 $11,885 45 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, e.s. 15.647 and final answers to decimal places, eg. 5,125.) FIFO LIFO Average cost $ 1 $ 3.016.962 The ending inventory at September 30 Cost of goods sold $ 9.839 $ 10,741 $ 8,868,038

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!

Q:

\f