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REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 104 snowboards were sold. Date
REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 104 snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 11 $119 $1,309 Sept. 12 Purchases 47 122 5,734 Sept. 199 Purchases: 52 123 6,396 Sept. 26 Purchases 26 124 3,224 Totals 136 $16,663 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 8 Sept. 16 Sale 48 Sept. 29 Sale 48 Totals 104 Calculate the weighted-average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 $ +A September 5 $ September 12 LA $ September 16 $ September 19 $ September 26 $ September 29 Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to O decimal places, e.g. 125.) FIFO The ending inventory $ eTextbook and Media LIFO AVERAGE-COST
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