# Class-Question

### Exercise 6-4

Martinez Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Martinez Corp.â€™s purchases of EZslide snowboards during September. During the same month, 98 EZslide snowboards were sold. Martinez Corp. uses a periodic inventory system.

Date Explanation Units Unit Cost Total Cost 13 \$101 \$ 1,313 46 104 4,784 51 105 5,355 21 106 2,226 131 \$13,678

(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 \$Enter a dollar amount \$Enter a dollar amount \$Enter a dollar amount

(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.)

 FIFO LIFO AVERAGE-COST \$Enter a dollar amount \$Enter a dollar amount \$Enter a dollar amount