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REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 116 snowboards were sold. Date

REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 116 snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 15 $110 $1,650 Sept. 12 Purchases 49 113 5,537 Sept. 19 Purchases 58 114 6,612 Sept. 26 Purchases 23 115 2,645 Totals 145 $16,444 Additional data regarding the company's sales of snowboards are provided below. Assume that REI uses a perpetual inventory system. Date Units Sept. 5 Sale 8 Sept. 16 Sale 54 Sept. 29 Sale 54 Totals 116

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