should not be inc recorded. E6-4 Mather sells a snowboard, EZslide, that is popular with snowboard enthue: Below is information relating to Mather's purchases of EZslide snowboards durine osts, tember. During the same month, 102 EZslide snowboards were sold. Mather uses a periodic- thoblenoo 00 inventory system. 0 Total Cost Unit Cost Units Explanation Date $1,200 4,635 1035,200 $100 12 Sept. 1 Sept. 12 Sept. 19 Sept. 26 Inventory 103 45 Purchases Purchases 50 104 Purchases 20 105 2,100 Totals 127 $13,135 Instructions Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average-cost methods. (For average-cost, round the average unit cost to three decimal places.) Prove the amount allocated to cost of goods sold under each method. E6-5 Rusthe Inc. uses a periodic inventory system. Its records show the following for the

should not be inc recorded. E6-4 Mather sells a snowboard, EZslide, that is popular with snowboard enthue: Below is information relating to Mather's purchases of EZslide snowboards durine osts, tember. During the same month, 102 EZslide snowboards were sold. Mather uses a periodic- thoblenoo 00 inventory system. 0 Total Cost Unit Cost Units Explanation Date $1,200 4,635 1035,200 $100 12 Sept. 1 Sept. 12 Sept. 19 Sept. 26 Inventory 103 45 Purchases Purchases 50 104 Purchases 20 105 2,100 Totals 127 $13,135 Instructions Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average-cost methods. (For average-cost, round the average unit cost to three decimal places.) Prove the amount allocated to cost of goods sold under each method. E6-5 Rusthe Inc. uses a periodic inventory system. Its records show the following for the

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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