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REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the sar month, 108 snowboards were sold. REI
REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the sar month, 108 snowboards were sold. REI uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 11 $116 $1,276 Sept. 12 Purchases 48 119 5,712 Sept. 19 Purchases 60 120 7,200 Sept. 26 Purchases 21 121 2,541 Totals 140 $16.729 (a) 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 ploces, eg. 125.153 and final answers to O decimal places, eg 125) (b) Ending inventory at September 30 eTextbook and Media FIFO LIFO 3861 $ 3.775 AVERAGE-COST 3.824 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, es 125.153 and final answers to O decimal places, es 125) FIFO Cost of goods sold $ LIFO AVERAGE-COST
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