Question

please show all working. of how everything is broken down

Date Exercise 6-5 CALCULATOR Bramble's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Bramble's purchases of Xpert snowboards during September is show below. During the same month, 236 Xpert snowboards were sold. Bramble's uses a periodic Inventory system. Explanation Units Unit Cost Total Cost Sept. 1 Inventory $97 $4,947 Sept. 12 Purchases 88 104 Sept. 19 Purchases 108 Sept. 26 Purchases Totals 39 111 9.152 4.212 10,878 $29.189 276 Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods FIFO The ending inventory at September 30 LIFO Cost of goods sold LINK TO TEXT For both FIFO and LIFO, calculate the sum of ending inventory and cost of good old LIFO search DELL

Answer 1

#Working note of LIFO is done before the working note of FIFO

, then all answers are given .

UNDER LIPO Method Cost of Goods SOLD & cost of Ending Inventory Hotell Sales = 236 units. unden Lifo method we know that, . Materials are issued how eungrent purchase Materials. .. to issued 236 units, we hatte to take from Sept , 26 - Sept, 19 --> 39 units Sept. 12 - 88 units Sept. (23698-39-88) 11 units cost of noods sold . 2.36 units 98 units - - - Ending arrentoniny s frotal unit-unit hinde (Anrenteny of sept A). - (2.76286) 1. & 40 unit Cost of Ending Inventory - 40 x at = $ 3880 (Arswen) NOTE! Heme, 40 units of ensing correntony as the Inventory of Sept A , & the pate ($97) as taken of sepit 1 do Calenlate cost of Ending Rowentory ]

Amound (4) 10878 4212 Cost of wood solo unden har Date unit Rate. Sept, 26 -4 98 441 Sept.19 - $ 29 108 I sept 12 - 88 104 1 Septed 11 q7 O Cost of hoods COLD 9152 1067 25309 Sales a 226 unite ③ Sum of Ending inventory and east of hoods sold (unden Lito Method) (25309+ 3880) $ 29,189 cost of woods sold & Ending Inventory UNDER FIFO METHOD Hotel unden foto method, we know that Materials are issued from first purchased Materials i eost of hoods sold a Amount ($) sept A + (54 units * $97) - 2947 Sept.12 + lof X 104) 9152 Sept 195 (39x108). 5 4212 Sept, 267/236-81-86-39)* 111€ E 6438 lunden fi fola cost of GooDS SOLD 24989 - 58x111)

- Ending Inventoring is the inventory of Sept 126 i Ending inventory unst = 98-58 1 290 units & Rate of Sept 26 a $111. .. Ending anvertoay = (40 * 111) $4440 Tofal of Ending anventory and east of Goods sold inden FIFO - (24749 +1440) -$29,189 Anewen cost of noode SOLD Ғnfo LIFO $25309 - & 24:149 $ 4440 & 30so 4 Ending Inventory o (Sept , 30) Total of Ending i Inventory & Cost of Goods Cold $ 29189 $29189