Kingbird sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Kingbird's 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 Units Inventory Purchases Purchases Purchases Totals 12 The ending inventory at September 30 Cost of goods sold 43 52 19 126 $ Unit Cost $118 $ 121 122 123 Total Cost 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.) $1,416 FIFO 5,203 6,344 2,337 $15.300 $ $ LIFO $ $ Average-cost

Kingbird sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Kingbird's 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 Units Inventory Purchases Purchases Purchases Totals 12 The ending inventory at September 30 Cost of goods sold 43 52 19 126 $ Unit Cost $118 $ 121 122 123 Total Cost 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.) $1,416 FIFO 5,203 6,344 2,337 $15.300 $ $ LIFO $ $ Average-cost

Name: Bhil Give me correct answer with explanation Kingbird sells a snowboar
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Description: Bhil Give me correct answer with explanation Kingbird sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Kingbird'spurchases of Ezslide snowboards during September. During the same month,

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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