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

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REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 100 snowboards were sold. REI uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 15 $110 $1,650 Sept. 12 Purchases 48 113 5,424 Sept. 19 Purchases 53 114 6,042 Sept. 26 Purchases 24 24 115 2,760 Totals 140 $15,876 (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 0 decimal places, e.g. 125.) Ending inventory at September 30 FIFO LIFO AVERAGE-COST REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 100 snowboards were sold. REI uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 15 $110 $1,650 Sept. 12 Purchases 48 113 5,424 Sept. 19 Purchases 53 114 6,042 Sept. 26 Purchases 24 24 115 2,760 Totals 140 $15,876 (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 0 decimal places, e.g. 125.) Ending inventory at September 30 FIFO LIFO AVERAGE-COST

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To compute the ending inventory at September 30 using the FIFO LIFO and averagecost methods we need ... View the full answer