Below is information relating to Wildhorse Co.’s purchases of EZslide snowboards during September. During the same month, 104 EZslide snowboards were sold. Wildhorse Co. uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 12 $107 $ 1,284 Sept. 12 Purchases 45 110 4,950 Sept. 19 Purchases 52 111 5,772 Sept. 26 Purchases 19 112 2,128 Totals 128 $14,134
(a) Compute the ending inventory at September 30 using the FIFO, LIFO
(b) Compute the cost of goods sold at September 30 using the FIFO, LIFO
