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Current Attempt in Progress REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 106 snowboards
Current Attempt in Progress REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 106 snowboards were sold. REI uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 15 $100 $1,500 Sept. 12 Purchases 42 103 4,326 Sept. 19 Purchases 57 104 5,928 Sept. 26 Purchases 21 105 2,205 Totals 135 $13.959 (a) Your answer is correct. Compute the ending inventory at September 30 using FIFO, LIFO, and average-cost. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.) (b) Compute the cost of goods sold for the month using the FIFO, LIFO, and average-cost
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