Question

# Martinez Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating...

Martinez Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Martinez Corp.’s purchases of EZslide snowboards during September. During the same month, 106 EZslide snowboards were sold. Martinez Corp. uses a periodic inventory system.

 Date Explanation Units Unit Cost Total Cost 15 \$106 \$ 1,590 46 109 5,014 54 110 5,940 21 111 2,331 136 \$14,875

(a) Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.)

FIFO LIFO AVERAGE-COST

The ending inventory at September 30 FIFO = ? LIFO= ? AVERAGE COST=?

(b) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.)

Cost of goods sold FIFO= ? LIFO= ? AVERAGE-COST= ?

Hi I need a answer asap

thanks

The answer along with conclusion is attached as images below: