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Mather sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is
information relating to Mather's beginning inventory and purchases of EZslide snowboards
during September. During the same month, 102 EZslide snowboards were sold. Mather uses a
periodic inventory system.
Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO,
and average-cost methods. (Round per unit cost to 3 decimal places, e.g. 15.647 and final
answers to 0 decimal places, e.g. 5,125.)

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Mather sells a snowboard, EZslide, that is popular with snowboard ent.pdf

  • 1. Mather sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Mather's beginning inventory and purchases of EZslide snowboards during September. During the same month, 102 EZslide snowboards were sold. Mather uses a periodic inventory system. Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average-cost methods. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.)