Information about Andrea's Boards is presented in E6-4. Additional data regarding Andrea's sales of Xpert snowboards are provided below. Assume that Andrea's uses a perpetual inventory system.
Instructions
(a) Compute ending inventory at September 30 using FIFO, LIFO, and moving-average cost.
(b) Compare ending inventory using a perpetual inventory system to ending inventory using a periodic inventory system (from E6-4).
(c) Which inventory cost flow method (FIFO, LIFO) gives the same ending inventory value under both periodic and perpetual? Which method gives different ending inventoryvalues?
