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REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 105 snowboards were sold. REI uses
REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 105 snowboards were sold. REI uses a periodic inventory system. Date (a) Sept. 1 Sept. 12 Sept. 19 Purchases Sept. 26 Ending inventory Explanation Inventory at September 30 Purchases Purchases Totals Units Unit Cost 15 45 FIFO 50 20 130 $102 104 106 107 Total Cost Compute the ending inventory at September 30 using FIFO, LIFO, and average-cost. (Round the average unit cost to 3 decimal places, e.g. 123.234 and final answers to 0 decimal places, e.g. 125.) $ $1,530 4,680 5,300 2,140 $13,650 LIFO LA $ AVERAGE-COST
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