(Answered) Apply periodic and perpetual fifo and weighted averagelo 2

Accounting

Apply periodic and perpetual FIFO and weighted average.

(LO 2, 7) AP

Xpert Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Xpert's purchases and sales of the ultra-lightweight snowboard in October:

Oct. 1 Beginning inventory 25 $295
10 Purchase 30 300
12 Sale (42) $450
13 Purchase 35 305
25 Sale (45) 460
27 Purchase 20 310

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