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Category > Management Posted 20 Feb 2018 My Price 8.00

EZslide snowboards

Exercise 6-15

Mather sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Mather’s purchases of EZslide snowboards during September. During the same month, 102 EZslide snowboards were sold.

Date

  

Explanation

  

Units

  

Unit Cost

  

Total Cost
Sept. 1   Inventory  

12

  

$100

  

$1,200
Sept. 12   Purchases  

45

  

103

  

4,635
Sept. 19   Purchases  

50

  

104

  

5,200
Sept. 26   Purchases  

20

  

105

  

2,100
    Totals  

127

      

$13,135


Additional data regarding the company’s sales of EZslide snowboards are provided below. Assume that Mather uses a perpetual inventory system.

Date

      

Units
Sept. 5   Sale  

8
Sept. 16   Sale  

48
Sept. 29   Sale  

46
       Totals  

102
 

 
Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.)

September 1

   $

September 5

   $

September 12

   $

September 16

   $

September 19

   $

September 26

   $

September 29

   $

 

LINK TO TEXT
Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to 0 decimal places, e.g. 125.)
   

FIFO

  

LIFO

  

AVERAGE-COST
The ending inventory   $

  $

  $

 

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Feb 2018 06:02 PM My Price 8.00

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