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REI sells snowboards. Assume the following information relates to REI's purchases of snc rds during September. During the same month, 109 snowboards were sold.
REI sells snowboards. Assume the following information relates to REI's purchases of snc rds during September. During the same month, 109 snowboards were sold. REI uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 12 $105 $1,260 Sept. 12 Purchases 50 108 5,400 Sept. 19 Purchases 57 109 6,213 Sept. 26 Purchases 21 110 2,310 Totals 140 $15,183 * Your answer is incorrect. Compute the ending inventory at September 30 using FIFO, LIFO, and average-cost. (Round average cost per unit to 3 decimal places, eg. 125.153 and final answers to O decimal places, e.g. 125.) Ending inventory at September 30 $ FIFO 3073 $ LIFO 2772 AVERAGE-COST 2922.5
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