https://edugen.wleyplus.com/edugen/studentimaintr.ani ssignment HY INSTRUCTOR UL

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https://edugen.wleyplus.com/edugen/studentimaintr.ani ssignment HY INSTRUCTOR ULL SCREEN PRINTER ERON Exercise 6-4 Waterway Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information ding so Wstensay Corp 's purchases of EZslide snowboards during September, During the same month, 94 Ezslide snowboerds mere sold. Weterway Corp. uses o périndk inwerbory syte BACK Explanation Units Unit Cost Total Cost Sept. 1 Sept. 12 Sept. 19 Sept. 26 Inventory Purchases Purchases Purchases Totals 13 $107 110 1,391 udy 45 20 124 4,995 2,240 $13,686 (a) Compute the ending inventory at September 30 using the FIFO, LIFO and sverage-cost methods. ound average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 declmal places, e.g. 125.) AVERAGE COST The ending inventory at September 30 (b) Compute the cost of goods sold st September 30 using the FEO LFO and average-cost mthods. (Roumd average cast per unir to : places, e.g. 125.153 and final answers to 0 decimal places, eg, 12s.) LIFO Cost of goods sold s Click if you would like to Show Work for this question: Ocen Shew Work

Explanation / Answer

FIFO Beginning Inventory Quantity Price Total Purchases 13 $107 $1,391 12-Sep 46 $110 $5,060 19-Sep 45 $111 $4,995 26-Sep 20 $112 $2,240 124 Cost of goods available for sale $13,686 Less: Ending Inventory - 30units 20 $112 $2,240 10 $111 $1,110 $3,350 Cost of goods sold $10,336 LIFO Cost of goods available for sale $13,686 Less: Ending Inventory - 30units 13 $107 $1,391 17 $110 $1,870 $3,261 Cost of goods sold $10,425 Weighted average Avegare price 124 $13,686 $110.37 Cost of goods available for sale $13,686 Less: Ending Inventory - 30units 30 $110.37 $3,311 Cost of goods sold $10,375

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