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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
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 Sept. 1 Sept. 12 Sept. 19 F Sept. 26 Explanation Units Unit Cost Inventory Purchases Purchases Purchases Totals 15 46 54 21 136 $106 109 110 111 Total Cost $ 1,590 5,014 5,90 2,331 $14,875 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. Compute the ending inventory at September 30 using FIFO, LIFO, and average-cost. (Round average cost per unit to 3 decimal ploces, es. 125.153 and final answers to 0 decimal places, es. 125) month, 106 snowboards were sold. REI uses a periodic irmentory system. month, 106 snowboards were sold. REI uses a periodic irmentory system
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 Sept. 1 Sept. 12 Sept. 19 F Sept. 26 Explanation Units Unit Cost Inventory Purchases Purchases Purchases Totals 15 46 54 21 136 $106 109 110 111 Total Cost $ 1,590 5,014 5,90 2,331 $14,875
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