*E6-17 Information about Linda's Boards is presented in E6-4. Additional data regarding Linda's sales of Xpert snowboards are provided below. Assume that Linda's uses a perpetual inventory system.
Date Units Unit Price Total Revenue
Sept. 5 Sale 12 $199 $ 2,388
Sept. 16 Sale 50 199 9,950
Sept. 29 Sale 59 209 12,331
Totals 121 $24,669
Instructions
(a) Compute ending inventory at September 30 using FIFO, LIFO, and moving-average cost. (Round average cost per unit to nearest cent.)
(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 inventory values?