Sweet Acacia Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sweet Acacia Corp.'s purchases of EZslide snowboards during September. During the same month, 104 EZslide snowboards were sold. Sweet Acacia Corp. uses a periodic inventory system. Unit Cost $110 Date Explanation Units Total Cost Sept. 1 Inventory 14 $ 1,540 Sept. 12 Purchases 45 113 5,085 Sept. 19 Purchases 57 114 6,498 Sept. 26 Purchases 24 115 2,760 Totals 140 $15,883
Sweet Acacia Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sweet Acacia Corp.'s purchases of EZslide snowboards during September. During the same month, 104 EZslide snowboards were sold. Sweet Acacia Corp. uses a periodic inventory system. Unit Cost $110 Date Explanation Units Total Cost Sept. 1 Inventory 14 $ 1,540 Sept. 12 Purchases 45 113 5,085 Sept. 19 Purchases 57 114 6,498 Sept. 26 Purchases 24 115 2,760 Totals 140 $15,883
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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give me the ending inventory for sept 30 and cost of goods sold for sept 30 ( FIFO, LIFO, AVERAGE COST)
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