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REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 111 snowboards were sold. Date
REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 111 snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 14 $110 $1,540 Sept. 12 Purchases 49 113 5,537 Sept. 19 Purchases 55 114 6,270 Sept. 26 Purchases 22 115 2,530 Totals 140 $15,877 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 7 Sept. 16 Sale 53 Sept. 29 Sale 51 Totals 111 Calculate the weighted-average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 +A $ +A September 5 September 12 September 16 September 19 September 26 September 29 +A +A +A +A +A 110 110 112.625 112.625 113.93 114.22 114.22 Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory CA $ +A $
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