Zslide, that is popular with snowboard enthusiasts. The following is information relating to Oriole's purchases of EZslide snowboards during September. During the same month, 102 EZslide snowboards were sold. Oriole uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 12 $114 $1,368 Sept. 12 Purchases 43 117 5,031 Sept. 19 Purchases 49 118 5,782 Sept. 26 Purchases 18 119 2,142 Totals སྰ། 122 $14,323 ompute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average-cost methods. (Rou mit cost to 3 decimal places, eg. 15.647 and final answers to O decimal places, e.g. 5,125.)
Zslide, that is popular with snowboard enthusiasts. The following is information relating to Oriole's purchases of EZslide snowboards during September. During the same month, 102 EZslide snowboards were sold. Oriole uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 12 $114 $1,368 Sept. 12 Purchases 43 117 5,031 Sept. 19 Purchases 49 118 5,782 Sept. 26 Purchases 18 119 2,142 Totals སྰ། 122 $14,323 ompute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average-cost methods. (Rou mit cost to 3 decimal places, eg. 15.647 and final answers to O decimal places, e.g. 5,125.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Oriole sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Oriole's
purchases of EZslide snowboards during September. During the same month, 102 EZslide snowboards were sold. Oriole uses a
periodic inventory system.
Date
Explanation
Units
Unit Cost
Total Cost
Sept. 1
Inventory
12
$114
$1,368
Sept. 12
Sept. 19
Sept. 26
Purchases
43
117
5,031
Purchases
49
118
5,782
Purchases
18.
119
2,142
Totals
122
$14,323
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, eg. 15.647 and final answers to O decimal places, eg. 5,125.)
FIFO
The ending inventory at
$
September 30
Cost of goods sold
$
LIFO
$
$
Average-cost
$
$
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