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Question 3 of 5 < -/2 E REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the
Question 3 of 5 < -/2 E REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 107 snowboards were sold. REI uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 13 $117 $1,521 Sept. 12 Purchases 46 120 5,520 Sept. 19 Purchases 60 121 7,260 Sept. 261 Purchases 21 122 2,562 Totals 140 $16,863 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 O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST
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