Business, 05.07.2020 14:01 edwardo9

Delmott sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Delmott?s purchases of Xpert snowboards during September. During the same month, 102 Xpert snowboards were sold. Delmott uses a periodic inventory system. Date Explanation Units Unit Cost Total CostSept. 1 Inventory 15 $104 $1.560Sept. 12 Purchases 44 108 4,752Sept. 19 Purchases 51 111 5,661Sept. 26 Purchases 21 112 2,352 Totals 131 $14,325Required:a. Compare ending inventory using a perpetual inventory system to ending inventory using a periodic inventory system. b. Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. c. Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods.

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Delmott sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information r...

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