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(Solution Download) Exercise 6-13 Delmott sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercise 6-13

 

Delmott sells a snowboard, Xpert, that is popular with snowboard

 

enthusiasts. Below is information relating to DelmottAc??cs purchases

 

of Xpert snowboards during September. During the same month, 102

 

Xpert snowboards were sold.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

 

Explanation

 

 

Units

 

 

Unit Cost

 

 

Total Cost

 

Sept. 1Inventory

 

12

 

 

$100

 

 

$1,200

 

Sept. 12Purchases

 

45

 

 

103

 

 

4,635

 

Sept. 19Purchases

 

50

 

 

104

 

 

5,200

 

Sept. 26Purchases

 

20

 

 

105

 

 

2,100

 

Totals

 

127

 

 

$13,135

 

 


 


 

Additional data regarding the companyAc??cs sales of Xpert snowboards

 

are provided below. Assume that Delmott uses a perpetual inventory

 

system.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

 

Units

 

Sept. 5Sale

 

8

 

Sept. 16Sale

 

48

 

Sept. 29Sale

 

46

 

   Totals

 

102

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incorrect answer.Your answer is incorrect. Try again.

 

Calculate the average unit cost. (Round answers to 3

 

decimal places, e.g. 5.125.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 1

 

$Entry field with incorrect answer now contains modified data

 

September 5

 

$Entry field with incorrect answer

 

September 12

 

$Entry field with incorrect answer

 

September 16

 

$Entry field with incorrect answer

 

September 19

 

$Entry field with incorrect answer

 

September 26

 

$Entry field with incorrect answer

 

September 29

 

$Entry field with incorrect answer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incorrect answer.Your answer is incorrect. Try again.

 

Compute ending inventory at September 30 using FIFO, LIFO, and

 

moving-average. (Round answers to 0 decimal places,

 

e.g. 125.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The ending inventory using the FIFO$Entry field with incorrect answer
The ending inventory using the LIFO$Entry field with incorrect answer
The ending inventory using moving-average$Entry field with incorrect answer

 

 

 

 

 

 

 

 

 

 

 

 


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