Information about Sunburst is presented in E6-4. Additional data regarding the company”s sales of Xpert snowboards are provided below. Assume that Sunburst uses a perpetual inventory system.
|
Date |
Units |
|
|
Sept. 5 |
Sale |
8 |
|
Sept. 16 |
Sale |
48 |
|
Sept. 29 |
Sale |
60 |
|
Totals |
116 |
Instructions
Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Note:For moving-average, round unit cost to three decimal places.)