REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During...
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REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 103 snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 14 $110 $1,540 Sept. 12 Purchases 45 113 5,085 Sept. 19 Purchases 49 114 5,586) Sept. 26 Purchases 25 115 2,875 Totals 133 $15,086 Additional data regarding the company's sales of snowboards are provided below. Assume that REI uses a perpetual inventory system. Date Units Sept. 5 Sale 9 Sept. 16 Sale 49 Sept. 29 Sale 451 Totals 103 C A Q Ac Qu Ace Calculate the weighted-average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 $ 110.000 September 5 $ 110.000 September 12 $ 112.700 September 16 112.700 September 19 $ 113.974 September 26 114.316 September 29 114,316 Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to O decimal places, e.g. 125.) The ending inventory eTextbook and Media FIFO LIFO 30 $ 30 AVERAGE-COST 50 REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 103 snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 14 $110 $1,540 Sept. 12 Purchases 45 113 5,085 Sept. 19 Purchases 49 114 5,586) Sept. 26 Purchases 25 115 2,875 Totals 133 $15,086 Additional data regarding the company's sales of snowboards are provided below. Assume that REI uses a perpetual inventory system. Date Units Sept. 5 Sale 9 Sept. 16 Sale 49 Sept. 29 Sale 451 Totals 103 C A Q Ac Qu Ace Calculate the weighted-average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 $ 110.000 September 5 $ 110.000 September 12 $ 112.700 September 16 112.700 September 19 $ 113.974 September 26 114.316 September 29 114,316 Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to O decimal places, e.g. 125.) The ending inventory eTextbook and Media FIFO LIFO 30 $ 30 AVERAGE-COST 50
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