Exercise 6-1 columbia bank and trust is considering giving gallup

Delmott sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Delmott’s purchases of Xpert snowboards during September. During the same month, 101 Xpert snowboards were sold. Delmott uses a periodic inventory system.Date Explanation Units Unit Cost Total CostSept. 1 Inventory 14 $117 $ 1,638Sept. 12 Purchases 43 120 5,160Sept. 19 Purchases 51 122 6,222Sept. 26 Purchases 21 123 2,583  Totals 129   $15,603(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.)The ending inventory at September 30 using the FIFO $[removed]The ending inventory at September 30 using the LIFO $[removed]The ending inventory at September 30 using the average-cost $[removed](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-COSTCost of goods sold $[removed] $[removed] $[removed]     Exercise 6-7Eggers Company reports the following for the month of June.Date Explanation Units Unit Cost Total CostJune 1 Inventory 179 $7 $ 1,25312 Purchases 552 9 4,96823 Purchases 298 10 2,98030 Inventory 343     Calculate weighted-average unit cost. (Round answers to 3 decimal places, e.g. 5.125.)Weighted-average unit cost $[removed] Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.)    Problem 6-5AYou have the following information for Vincent Inc. for the month ended October 31, 2014. Vincent uses a periodic method for inventory.Date Description Units Unit Cost or Selling PriceOct. 1 Beginning inventory 74 $29Oct. 9 Purchase 147 32Oct. 11 Sale 123 43Oct. 17 Purchase 123 33Oct. 22 Sale 74 49Oct. 25 Purchase 86 36Oct. 29 Sale 135 49 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.)Weighted-average cost per unit $[removed] Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 0 decimal place, e.g. 125.) Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, e.g. 51.2%)  LIFO FIFO AVERAGE-COSTGross profit rate [removed] % [removed] % [removed] %    Problem 6-9ALambert Center began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.  Purchases  Date Units Unit Cost Sales UnitsJuly 1 10 $89  July 6     7July 11 4 $94  July 14     4July 21 6 $102  July 27     4 Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25 and ending inventory values to 0 decimal places, e.g. 515.)July 1 $[removed]July 6 $[removed]July 11 $[removed]July 14 $[removed]July 21 $[removed]July 27 $[removed] Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average, and (3) LIFO. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25 and ending inventory values to 0 decimal places, e.g. 515.)  FIFO MOVING-AVERAGE LIFOThe ending inventory under a perpetual inventory system $[removed] $[removed] $[removed]     

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