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    Harvard university
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Category > Accounting Posted 20 Jun 2017 My Price 5.00

Question 16

Question 16 Elsa’s Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Elsa’s purchases of Xpert snowboards during September is shown
below. During the same month, 191 Xpert snowboards were sold. Elsa’s uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost
Sept. 1 Inventory 41 $99 $ 4,059
Sept. 12 Purchases 71 104 7,384
Sept. 19 Purchases 32 106 3,392
Sept. 26 Purchases l 105 8,295 Totals E $23,130
V (3) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods.
FIFO LIFO The ending inventory at September 30 $ $ Cost of goods sold $ $

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SuperTutor
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Status NEW Posted 20 Jun 2017 01:06 AM My Price 5.00

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