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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. REI uses
REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 103 snowboards were sold. REI uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 (a) Explanation Units Unit Cost Inventory $110 Purchases Purchases Purchases Totals Ending inventory at September 30 eTextbook and Media 14 Save for Later 50 54 22 140 113 $ 114 115 Total Cost FIFO $ 1,540 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.) 5,650 6,156 2,530 $15,876 $ LIFO $ AVERAGE-COST Attempts: 0 of 2 used Submit Answer
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