Kimberly’s boards sells a snowboard, Xpert, that has popular snowboard enthusiasts. Information relating to Kymberly’s purchases of Xpert snowboards doing September is shown below. During the same month, 124 Xpert words were sold. Kymberly's uses a periodic inventory system. For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. (a)Your answer is correct.Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods.The ending inventory at September 30(b)Cost of goods soldeTextbook and Media+A+AFIFO191872The sum of ending inventory and cost of goods sold $12552For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold.VAFIFOLIFO1A174612678LIFOAttempts: 1 of 3 used Kimberly's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Kimberly's purchasesof Xpert snowboards during September is shown below. During the same month, 124 Xpert snowboards were sold. Kimberly's uses aperiodic inventory system.DateSept. 1Sept. 12Sept. 19Sept. 26(a)Explanation Units Unit CostInventory$97PurchasesPurchasesPurchasesTotalsYour answer is correct.2745Cost of goods sold2050142The ending inventory at September 30101103104Total Cost$ 2,619tA4,5452,060Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods.5,200$14,424FIFO187212552taLALIFO174612678

Name: Kimberly’s boards sells a snowboard, Xpert, that has popular snowboard
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Kimberly’s boards sells a snowboard, Xpert, that has popular snowboard enthusiasts. Information relating to Kymberly’s purchases of Xpert snowboards doing September is shown below. During the same month, 124 Xpert words were sold. Kymberly's uses a p