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beginning inventory and purchases of EZslide snowboards during September. During the same month 103 EZslide snowboards were sold. Wildhorse uses a periodic inventory system Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 11 $102 $1.122 Sept. 12 Purchases 45 105 4,725 Sept. 19 Purchases 48 106 5,O88 Sept. 26 Purchases 22 107 2,354 Totals 126 $13.289 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 te 3 decimal places, eg 15.647 and final answers to 0 decimal places, es 5,125)

beginning inventory and purchases of EZslide snowboards during September. During the same month 103 EZslide snowboards were sold. Wildhorse uses a periodic inventory system Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 11 $102 $1.122 Sept. 12 Purchases 45 105 4,725 Sept. 19 Purchases 48 106 5,O88 Sept. 26 Purchases 22 107 2,354 Totals 126 $13.289 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 te 3 decimal places, eg 15.647 and final answers to 0 decimal places, es 5,125)

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 11RE: Jessie Stores uses the periodic system of calculating inventory. The following information is...
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Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average cost methods. ound per unit cost to 3 decimal places, eg 15.647 and finef answers to Odeclmal places, e 5.125) FIFO LIFO Average-cost The ending inventory at September 30 %24 Cost of goods sold
Transcribed Image Text:Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average cost methods. ound per unit cost to 3 decimal places, eg 15.647 and finef answers to Odeclmal places, e 5.125) FIFO LIFO Average-cost The ending inventory at September 30 %24 Cost of goods sold
Wildhorse sellsa snowboard EZAide, that s popalar with snowboard enthuniants Ihe following ainformation relating toWihorses begirning inventory and purchases of EZslide snowboards during September. During the same month, 103 EZslide snowboards were sold. Wildhorse uses a periodic inventory system Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 11 $102 $1.122 Sept. 12 Purchases 45 105 4,725 Sept. 19 5,088 Purchases 48 106 Sept. 26 Purchases 22 107 2,354 Totals 126 $13,289 Compute the ending inventoryat 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 15.647 and final answers to O decimal places, eg 5,125)
Transcribed Image Text:Wildhorse sellsa snowboard EZAide, that s popalar with snowboard enthuniants Ihe following ainformation relating toWihorses begirning inventory and purchases of EZslide snowboards during September. During the same month, 103 EZslide snowboards were sold. Wildhorse uses a periodic inventory system Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 11 $102 $1.122 Sept. 12 Purchases 45 105 4,725 Sept. 19 5,088 Purchases 48 106 Sept. 26 Purchases 22 107 2,354 Totals 126 $13,289 Compute the ending inventoryat 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 15.647 and final answers to O decimal places, eg 5,125)
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