Question

In: Accounting

Splish Brothers Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information...

Splish Brothers Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Splish Brothers Inc.’s purchases of EZslide snowboards during September. During the same month, 101 EZslide snowboards were sold.

Date

Explanation

Units

Unit Cost

Total Cost

Sept. 1 Inventory

11

$106

$1,166

Sept. 12 Purchases

46

109

5,014

Sept. 19 Purchases

53

110

5,830

Sept. 26 Purchases

21

111

2,331

Totals

131

$14,341



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

Date

Units

Sept. 5 Sale

8

Sept. 16 Sale

48

Sept. 29 Sale

45

   Totals

101

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

Please show work.

**This is all the information given. What exact information do you feel is not there? Then maybe I can help.**

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