REI sells snowboards. Assume the following information relates to REl's purchases of snowboards during September. During the same

month, $103$ snowboards were sold. REl uses a periodic inventory system.

$($a$)$

Correct Answer

Your answer is partially correct.

Compute the ending inventory at September $30$ using FIFO, LIFO, and average$-$cost$.($Round average cost per unit to $3$ decimal

places, e$.$g$.125\mathrm{.}153$ and final answers to $0$ decimal places, e$.$g$.125.)$

Solution

Attempts: $3$ of $3$ used

$($b$)$

Compute the cost of goods sold for the month using the FIFO, LIFO, and average$-$cost methods. $($Round average cost per unit to $3$

decimal places, e$.$g$.125\mathrm{.}153$ and final answers to $0$ decimal places, e$.$g$.125.)$