- Boarders Sells A Snowboard Xpert That Is Popular With Snowboard Enthusiasts Below Is Information Relating To Boarders 1 (46.02 KiB) Viewed 52 times
Boarders sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Boarders purchases during September. During the month of September 95 Xpert snowboards were sold. Use the following information to create a Cost of Merchandise Available chart and to compute the Ending Inventory and Cost of Goods Sold using the FIFO, LIFO, and Average Cost methods. Total Cost Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Cost of Merchandise Available for Sale Explanation Units Unit Cost Inventory 26 $97 Purchase 45 $102 Purchase 20 $104 Purchase 50 $105 Totals Sold Ending Inv. ៩ ចំ ៩ 141 FIFO Ending inventory Cost of goods available less ending inv Cost of goods sold LIFO Ending inventory Cost of goods available less ending inv Cost of goods sold Average Cost Unit Cost Ending inventory Cost of goods available less ending in Cost of goods sold | |