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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. REI
REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 104 snowboards were sold. REI uses a periodic inventory system. Date Sept. 1 Explanation Inventory Units Unit Cost Total Cost 14 $110 $1,540 Sept. 12 Purchases 45 113 5,085 Sept. 19 Purchases 57 114 6,498 Sept. 26 Purchases 24 115 2,760 Totals 140 $15,883 (a) (b) Your answer is correct. 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 0 decimal places, e.g. 125.) Ending inventory at September 30 eTextbook and Media FIFO 4128 LIFO 4026 $ AVERAGE-COS Attempts: 1 of 5 used Compute the cost of goods sold for the month using the FIFO, LIFO, and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to O decimal places, e.g. 125.) Cost of goods sold -Toutbook and Media FIFO LIFO AVERAGE-COST
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