{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T21:13:08-04:00", "answer_date": "2024-05-27 21:13:08", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1801910", "url": "\/study-help\/questions\/rei-sells-snowboards-assume-the-following-information-relates-to-reis-1801910", "question_creation_date_js": "2024-05-27T21:13:08-04:00", "question_creation_date": "May 27, 2024 09:13 PM", "meta_title": "[Solved] REI sells snowboards. Assume the followin | SolutionInn", "meta_description": "Answer of - REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. Duri | SolutionInn", "meta_keywords": "rei,sells,snowboards,assume,information,relates,s,purchases,september,month,104,sold", "question_title_h1": " 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", "question_title": " REI sells snowboards. Assume the following information relates to REI's purchases", "question_title_for_js_snippet": "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 Explanation Units Unit Cost Total Cost Sept 1 Inventory 13 $115 $1,495 Sept 12 Purchases 48 118 5,664 Sept 19 Purchases 56 119 6,664 Sept 26 Purchases 23 120 2,760 Totals 140 $16,583 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, eg 125 ) Ending inventory at September 30 FIFO $ LIFO AVERAGE COST", "question_description": "\"image\"image", "transcribed_text": "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 Explanation Units Unit Cost Total Cost Sept. 1 Inventory 13 $115 $1,495 Sept. 12 Purchases 48 118 5,664 Sept. 19 Purchases 56 119 6,664 Sept. 26 Purchases 23 120 2,760 Totals 140 $16,583 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, eg. 125.) Ending inventory at September 30 FIFO $ LIFO AVERAGE-COST", "related_book": { "title": "Intermediate Accounting", "isbn": "978-1118443965, 1118800532, 9781118800539, 978-0470873991", "edition": "IFRS Edition", "authors": "kieso, weygandt and warfield.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/71.jpg", "uri": "\/textbooks\/intermediate-accounting-ifrs-edition-71", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8843232092", "uri": "\/textbooks\/21st-century-self-discipline-a-simple-straightforward-guide-to-improving-your-self-discipline-in-2022-and-beyond-1st-edition-979-8843232092-173942", "name": "21st Century Self Discipline A Simple Straightforward Guide To Improving Your Self Discipline In 2022 And Beyond", "edition": "1st Edition" }, "question_posted": "2024-05-27 21:13:08", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/i-need-matlab-code-of-the-following-question-kindly-do-200803", "description": "Write MATLAB code of the question. Do all parts and show code with comments and also attach a screenshot of code and outputs. Using the results of Problem 4.13, verify the following properties of WN...", "stars": 3 }, { "url": "\/talk-with-an-end-user-at-your-school-or-work", "description": "Talk with an end user at your school or work about the documentation and training provided with a recently installed or distributed business application. What types of training and documentation were...", "stars": 3 }, { "url": "\/study-help\/understanding-management\/solve-the-following-lpp-after-introducing-the-necessary-slack-surplus-1934399", "description": "Solve the following LPP. After introducing the necessary slack, surplus, and artificial variables, the augmented problem is given here: Maximise Subject to Z=2x Z = 2x + 4x2 2x + x2 18 3x + 2x2 30 X...", "stars": 3 }, { "url": "\/study-help\/psychology\/what-factors-contribute-to-distortions-in-memory-1980618", "description": "What factors contribute to distortions in memory?", "stars": 3 }, { "url": "\/charlton-associates-prepares-architectural-drawings-to-conform-to-local", "description": "Charlton Associates prepares architectural drawings to conform to local structural- safety codes. Its income statement for 2013 is as follows: Revenues ....................... $ 731,850 Salaries of...", "stars": 3 }, { "url": "\/study-help\/questions\/required-information-the-following-information-applies-to-the-questions-displayed-9927883", "description": "Required information [The following information applies to the questions displayed below.] Hamby Corporation is a merchandising company that is preparing a master budget for the third quarter of the...", "stars": 3 }, { "url": "\/study-help\/questions\/part-2-bonnie-is-obsessed-with-making-perfect-milkshakes-to-3433203", "description": "Part 2 Bonnie is obsessed with making perfect milkshakes. To her, the perfect milkshake must contain exactly 3 scoops of ice cream to 1 cup of milk. She refuses to make any milkshake with more or...", "stars": 3 }, { "url": "\/study-help\/questions\/57-question-prime-cost-a-service-for-a-sports-car-1875178", "description": "57 Question: Prime cost A service for a sports car requires 3 hours of a skilled mechanic's time followed by 1\/2 hour of unskilled labour. Rates of pay are (a) Skilled: 9 per hour (b) Unskilled: 5...", "stars": 3 }, { "url": "\/study-help\/questions\/question-1-the-fundamental-principles-of-community-psychology-include-a-1542159", "description": "QUESTION 1 The fundamental principles of community psychology include: a respect for diversity. an understanding of the difference between normalcy and pathology. an appreciation for statistical...", "stars": 3 }, { "url": "\/study-help\/questions\/pamrod-manufacturing-acquired-all-the-assets-and-liabilities-of-stafford-1923185", "description": "Pamrod Manufacturing acquired all the assets and liabilities of Stafford Industries on January 1, 20X2, in exchange for 4,000 shares of Pamrod's $20 par value common stock. Balance sheet data for...", "stars": 3 }, { "url": "\/study-help\/questions\/when-grant-attends-company-training-he-tends-to-prefer-taking-4930565", "description": "When Grant attends company training, he tends to prefer taking notes and writing down the steps of the task. Grant's preferences during these training sessions best fit within which of the following...", "stars": 3 }, { "url": "\/study-help\/questions\/the-information-below-is-a-reproduction-from-the-alphabetic-index-5326543", "description": "The information below is a reproduction from the Alphabetic Index. Which of the following terms is a nonessential modifier that will not affect code assignment? Absence (of) (organ or part) (complete...", "stars": 3 }, { "url": "\/study-help\/questions\/for-the-sequential-circuit-below-fill-in-the-waveforms-for-8350833", "description": "For the sequential circuit below, fill in the waveforms for Q0,Q1 and z in the timing diagram. Assume the Flip-Flops are not initialized, nd that the Flip-Flop outputs transition at the time...", "stars": 3 }, { "url": "\/study-help\/questions\/question-1-a-show-that-a-b-a-b-64671", "description": "a) Show that (a, b) := {{a}, {b}} does not satisfy the ordered pair axiom. b) Determine whether each of the following statements is true or false. (Give a reason in each case): (i) {a, b} C (a, b)....", "stars": 3 }, { "url": "\/study-help\/modern-advanced-accounting\/2-penang-corporation-acquired-a-90-percent-interest-in-doki-1665054", "description": "2. Penang Corporation acquired a 90 percent interest in Doki Corporation on January 1, 2012, when the book value of Dokis net assets was equal to their fair value. During 2014, Doki sold land that...", "stars": 3 }, { "url": "\/study-help\/modern-advanced-accounting\/1-in-2014-pop-corporation-sold-land-that-cost-20000-1665053", "description": "1. In 2014, Pop Corporation sold land that cost $20,000 to Minang Corporation, its 80 percent-owned subsidiary, for $30,000. Minang still owns the land at December 31, 2017. How will this transaction...", "stars": 3 }, { "url": "\/study-help\/modern-advanced-accounting\/3-pam-corporation-owns-100-percent-of-sun-corporations-common-1665051", "description": "3. Pam Corporation owns 100 percent of Sun Corporations common stock. On January 2, 2016, Pam sold to Sun for $40,000 machinery with a carrying amount of $30,000. Sun is depreciating the acquired...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/the-regal-cycle-company-manufactures-three-types-of-bicyclesa-dirt-1801909", "next": "\/study-help\/questions\/the-following-selected-accounts-and-their-current-balances-appear-in-1801911" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " REI sells snowboards. Assume the following information relates to REI's purchases", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/rei-sells-snowboards-assume-the-following-information-relates-to-reis-1801910" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } }