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REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 105 snowboards were sold. REI
REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 105 snowboards were sold. REI uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 15 $102 $1,530 Sept. 12 Purchases 45 104 4,680 Sept. 19 Purchases 50 106 5,300 Sept. 26 Purchases 20 107 2,140 Totals 130 $13,650 (a) Compute the ending inventory at September 30 using FIFO, LIFO, and average-cost. (Round the average unit cost to 3 decimal places, e.g. 123.234 and final answers to O decimal places, e.g. 125.) Ending inventory at September 30 $ CA FIFO LIFO $ AVERAGE-COST
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