Margaret's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to...
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Accounting
Margaret's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Margaret's purchases of Xpert snowboards during September is shown below. During the same month, 120 Xpert snowboards were sold. Date Units Unit Cost Explanation Inventory Total Cost $ 1.250 Sept 1 25 $50 Sept. 12 Purchases 45 58 2610 Sept. 19 Purchases 15 60 900 Sept. 26 Purchases 40 61 2440 Totals 125 $7,200 Additional data regarding Margaret's sales of Xpert snowboards are provided below. Assume that Margaret's uses a perpetual Inventory system Date Units Unit Price Total Revenue Sept 5 sale $ 181 $ 1.810 Sept 16 Sale 2881 181 9,050 Sept. 29 Sale 213 12.780 Totals 120 523640 (21) Your answer is correct. Calculate moving average cost at Sept 1.5,12,16,19,26 & 29. (Round answers to 2 decimal places, eg. 1.25) $ 50 September 1 September 5 $ 50 $ 56 September 12 $ 56 September 16 September 19 $ 584 Stptember 26 5 80 September 29 S 60 eTextbook and Media Attempts: 1 of used (a2) Your answer is incorrect Compute ending inventory at September 30 using FIFO LIFO, and moving-average cost. (Round average-cost per unit to 2 decimal places, es. 12.50 and final answer to decimal places, eg. 1.250) FIFO LIFO MOVING AVERAGE COST The ending inventory s 3.340 $ 7200 $ e Textbook and Media Save for Later Attempts: 1 of 3 used Submit



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