Shamrock sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Shamrock's purchases of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Shamrock uses a periodic inventory system. Date Sept. 1 12 19 26 Explanation Inventory Purchase Purchase Purchase Total Units Unit Cost Ending inventory at September 30 15 45 50 20 130 $90 $ 92 94 95 Total Cost FIFO $1,350 4,140 4,700 Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. 1,900 $12,090 $ LIFO Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. $ AVERAGE-COST

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Shamrock sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Shamrock's
purchases of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Shamrock uses a
periodic inventory system.
Date
Sept. 1
12
19
26
Explanation
Inventory
Purchase
Purchase
Purchase
Total
Units
Ending inventory at September
30
15
45
50
20
130
Unit Cost
$90
92
94
95
Total Cost
FIFO
$1,350
4,140
4,700
1,900
Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods.
$12,090
LIFO
Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods.
$
AVERAGE-COST
Transcribed Image Text:Shamrock sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Shamrock's purchases of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Shamrock uses a periodic inventory system. Date Sept. 1 12 19 26 Explanation Inventory Purchase Purchase Purchase Total Units Ending inventory at September 30 15 45 50 20 130 Unit Cost $90 92 94 95 Total Cost FIFO $1,350 4,140 4,700 1,900 Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. $12,090 LIFO Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. $ AVERAGE-COST
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