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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
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 (a) Your answer is incorrect. Compute the ending inventory at September 30 using FIFO, LIFO, and average-cost. (Round average cost per unit to 3 decimal places e.g. 125.153 and final answers to O decimal places, e.g. 125.) Ending inventory at September 30 $ FIFO LIFO AVERAGE-COST
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