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  3. rei sells snowboards. assume the following informa

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

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Question

Accounting

REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same
month, 110 snowboards were sold. REI uses a periodic inventory system.
(a)
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.)
FIFO
LIFO
AVERAGE-COST
Ending inventory at
September 30
image

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