Linda S Boards Sells A Snowboard Xpert That Is Popular With Snowboard Enthusiast
Linda’s Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Linda’s purchases of Xpert snowboards during September is shown below. During the same month, 303 Xpert snowboards were sold. Linda’s uses a periodic inventory system.
Date
Explanation
Units
Unit Cost
Total Cost
Sept. 1Inventory65
$100
$ 6,500
Sept. 12Purchases113
104
11,752
Sept. 19Purchases50
108
5,400
Sept. 26Purchases125
113
14,125
Totals353
$37,777
