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REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 106 snowboards were sold. El uses
REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 106 snowboards were sold. El uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 (a) Explanation Units Unit Cost Inventory $106 Purchases Purchases Purchases Totals 15 Ending inventory at September 30 46 54 21 136 109 $ 110 111 Total Cost FIFO $ 1,590 5,014 5,940 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.) 2,331 $14,875 $ LA LIFO $ AVERAGE-COST
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