Swifty sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Swifty's
purchases of EZslide snowboards during September. During the same month, 102 EZslide snowboards were sold. Swifty uses a
periodic inventory system.
Date Explanation Units Unit Cost Total Cost
Sept. 1 Inventory 13 $88 $1,144
Sept. 12 Purchases 45 91 4,095
Sept. 19 Purchases 52 92 4,784
Sept. 26 Purchases 18 93 1,674
Totals 128 $11,697
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, e.g. 15.647 and final answers to 0 decimal places, eg. 5,125.)
FIFO LIFO Average-cost
The ending inventory at
September 30 $ $ $
Cost of goods sold $ $ $