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

month, $102$ snowboards were sold. REI uses a periodic inventory system.

$($a$)$

Your answer is 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$.125.)$

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Solution

Attempts: $2$ of $2$ 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$.125.)$

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