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REI sells snowboards. Assume the following information relates to RET's purchases of snowboards during September. During the same month, 101 snowboards were sold. REI uses
REI sells snowboards. Assume the following information relates to RET's purchases of snowboards during September. During the same month, 101 snowboards were sold. REI uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Explanation Units Unit Cost Total Cost Inventory 10 $112 $1,120 Purchases 50 115 5,750 Purchases 57 116 6,612 Sept. 26 Purchases 21 117 2,457 Totals: 138 $15,939 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 eg 125.153 and final answers to O decimal places, eg 125) Ending inventory at September 30 (b) eTextbook and Media FIFO 4313 LIFO 4025 AVERAGE-COST 4273 Attempts: 1 of 3 used Compute the cost of goods sold for the month using the FIFO, LIFO, and average cost methods found average cost per unit to 3 decimal places, eg 125.153 and final answers to O decimal places, 125) FIFO Cost of goods sold $ LIFO AVERAGE COST $
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