Home / Questions / Exercise 6-4 Ivanhoe Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts.

Exercise 6-4 Ivanhoe Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts.


Exercise 6-4 Ivanhoe Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information rel Exercise 6-4 Ivanhoe Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Ivanhoe Company's purchases of EZslide snowboards during September During the same month, 95 EZslide snowboards were sold. Ivanhoe Company uses a periodic inventory system. Date Explanation Total Cost Units Unit Cost $106 $1,272 Sept. 1 Inventory 12 Sept. 12 Purchases 45 109 4,905 Purchases Sept. 19 55 110 6,050 Purchases 21 2,331 Sept. 26 111 133 $14,558 Totals (a) Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE COST The ending inventory at September 30 (b) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost emethods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE C0ST Cost of goods sold Click if you would like to Show Work for this question: Open Show Work nd nf tobe tete

Apr 11 2020 Read more Less More

Answer (Solved)

question Subscribe To Get Solution

Recent Questions

Chat Now

Welcome to Live Chat

Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.

Please fill in the form