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E6.5 (LO 2), AP REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 102 snowboards
E6.5 (LO 2), AP REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 102 snowboards were sold. REI uses a periodic inventory system. Instructions b. Compute the cost of goods sold for the month using the FIFO, LIFO, and average-cost methods. (For average-cost, round the average unit cost to three decimal places.)
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