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REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 101 snowboards were sold. Date
REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 101 snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 13 $115 $1,495 Sept. 12 Purchases 44 118 5,192 Sept. 19 Purchases 49 119 5,831 Sept. 26 Purchases 25 120 3,000 Totals 131 $15,518 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 Sept. 16 Sale 49 Sept. 29 Sale 45 Totals 101 Calculate the weighted-average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 S 115.000 September 5 $ 115.000 September 12 $ 117.640 September 16 $ 117.640 September 19 $ 118.973 September 26 $ 119.315 September 29 $ 119.315 eTextbook and Media (a2) Attempts: 3 of 6 used 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 $ LIFO $ AVERAGE-COST
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