beginning inventory and purchases of EZslide snowboards during September. During the same month 103 EZslide snowboards were sold. Wildhorse uses a periodic inventory system Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 11 $102 $1.122 Sept. 12 Purchases 45 105 4,725 Sept. 19 Purchases 48 106 5,O88 Sept. 26 Purchases 22 107 2,354 Totals 126 $13.289 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 te 3 decimal places, eg 15.647 and final answers to 0 decimal places, es 5,125)

beginning inventory and purchases of EZslide snowboards during September. During the same month 103 EZslide snowboards were sold. Wildhorse uses a periodic inventory system Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 11 $102 $1.122 Sept. 12 Purchases 45 105 4,725 Sept. 19 Purchases 48 106 5,O88 Sept. 26 Purchases 22 107 2,354 Totals 126 $13.289 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 te 3 decimal places, eg 15.647 and final answers to 0 decimal places, es 5,125)

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Description: Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average cost methods. ound perunit cost to 3 decimal places, eg 15.647 and finef answers to Odeclmal places, e 5.125)FIFOLIFOAverage-costThe ending inv

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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