Pharoah company sells a snowboard, ezslide, that is popular with snowboard enthusiasts. below is information relating to pharoah company’s purchases of ezslide snowboards during september. during the same month, 95 ezslide snowboards were sold. pharoah company uses a periodic inventory system.
date explanation units unit cost total cost
sept. 1 inventory 13 $104 $ 1,352
sept. 12 purchases 46 107 4,922
sept. 19 purchases 54 108 5,832
sept. 26 purchases 21 109 2,289
totals 134 $14,395
(a) compute the ending inventory at september 30 using the fifo, lifo and average-cost methods.(b) compute the cost of goods sold at september 30 using the fifo, lifo and average-cost methods.