Blossom sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Blossom'sbeginning inventory and purchases of EZslide snowboards during September. During the same month, 98 EZslide snowboardswere sold. Blossom uses a periodic inventory system.DateExplanationUnitsUnit CostTotal CostSept. 1Inventory13$93$ 1,209Sept. 12Purchases46Sept. 19Purchases425964,416975,044Sept. 26Purchases19981,862Totals130$12,531Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average-cost methods.(Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to O decimal places, e.g. 5,125.)FIFOThe ending inventory atSeptember 30$Cost of goods sold$$$LIFOAverage-cost$

Blossom sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Blossom's beginning inventory and purchases of EZslide snowboards during September. During the same month, 98 EZslide snowboards were sold. Blossom uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 13 $93 $ 1,209 Sept. 12 Purchases 46 96 4,416 Sept. 19 Purchases 52 97 5,044 Sept. 26 Purchases 19 98 1,862 Totals 130 $12,531 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.g. 15.647 and final answers to O decimal places, e.g. 5,125.) The ending inventory at September 30 Cost of goods sold FIFO LIFO $ Average-cost

Blossom sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Blossom's beginning inventory and purchases of EZslide snowboards during September. During the same month, 98 EZslide snowboards were sold. Blossom uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 13 $93 $ 1,209 Sept. 12 Purchases 46 96 4,416 Sept. 19 Purchases 52 97 5,044 Sept. 26 Purchases 19 98 1,862 Totals 130 $12,531 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.g. 15.647 and final answers to O decimal places, e.g. 5,125.) The ending inventory at September 30 Cost of goods sold FIFO LIFO $ Average-cost

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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Bhil Give me correct answer with explanation