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Boarders sells a snowboard Xpert, that is popular with snowboard enthusiasts. Below is information relating to Boarder's purchases of Xpert snowboards during September. During the same month, 121 Xpert snowboards were sold.

DATE Explanation Units Unit Cost Total Cost

  1. sep 1 Inventory 26 98 2548
  2. sep 12 Purchases 45 105 4725
  3. sep 19 Purchases 20 108 2160
  4. sep 26 Purchases 50 115 5750

Additional data regarding Boarders' sales of Xpert snowboards are provided below. Assume that Boarders uses a perpetual inventory system.

  • Date Units Unit Cost Total cost
  • sep 5 sale 12 199 2388
  • 16 sale 50 199 9950
  • 29 sale 59 209 12331

Compute ending inventory at September 30 using FIFO, LIFO, and average cost. (Round average cost per unit to 2 decimal places, e.g. 10.50. Round final answers to 0 decimal places, e.g. 125.)

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9974747

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