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Question 3 of 4 < < 6/12 REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the
Question 3 of 4 < < 6/12 REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 109 snowboards were sold. REI uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 14 $102 $1,428 Sept. 12 Purchases 48 105 5,040 Sept. 19 Purchases 50 106 5,300 Sept. 26 Purchases 23 107 2.461 Totals 15 $14.229 (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, es. 125.153 and final answers to O decimal places, e.g. 125) (b) Ending inventory at September 30 eTextbook and Media FIFO 2779 LIFO AVERAGE-COST 2688 $ 2740 Attempts: 2 of 3 used Your answer is incorrect Compute the cost of goods sold for the month using the FIFO., LIFO, and average-cost methods (Round average cost per unit to 3 decimal places, eg. 125.153 and final answers to 0 decimal places, eg. 125) Cost of goods sold eTextbook and Media Save for Later FIFO 2788 LIFO AVERAGE-COST Attempts: 1 of 3 used Submit Answer
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