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REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 1 0 5 snowboards were sold.
REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same
month, snowboards were sold. REl uses a periodic inventory system.
a
Compute the ending inventory at September using FIFO, LIFO, and averagecostRound the average unit cost to decimal places,
eg and final answers to decimal places, eg
b
Compute the cost of goods sold for the month using the FIFO, LIFO, and averagecost methods. Round average cost per unit to decimal places, eg and final answers to O decimal places, eg
FIFO
LIFO?
AVERAGECOST?
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