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.
(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 .
(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?