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
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E6-4

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
Transcribed Image Text: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
Transcribed Image Text: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
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