Question

Pina Colada’s Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Pina Colada’s purchases of Xpert snowboards during September is shown below. During the same month, 218 Xpert snowboards were sold. Pina Colada’s uses a periodic inventory system.

Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 47 $101 $ 4,747 Sept. 12 Purchases 81 103 8,343 Sept. 19 Purchases 36 107 3,852 Sept. 26 Purchases 90 112 10,080    Totals 254 $27,022

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		$		$

or both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold.

		FIFO		LIFO
The sum of ending inventory and cost of goods sold		$		$

please show work so i may understand the steps

Answer 1