Business, 14.04.2020 18:25 lifeoflashay1659

Sweet Acacia Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sweet Acacia Corp.’s purchases of EZslide snowboards during September. During the same month, 104 EZslide snowboards were sold. Sweet Acacia Corp. uses a periodic inventory system.

Date Explanation Units Unit Cost Total Cost
Sept. 1 Inventory Unit Cost 14 $110 $ 1,540
Sept. 12 Purchases 45 $113 $5,085
Sept. 19 Purchases 57 $114 $ 6,498
Sept. 26 Purchases 24 $115 $ 2,760
Totals 140 $15,883

Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods.

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Sweet Acacia Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is...

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