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

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Accounting

REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the month, 100 snowboards were sold. REI uses a periodic inventory system. Date Explanation Units Sept. 1 Sept. 12 Sept. 19 Purchases Sept. 26 (a) Inventory Purchases Purchases Totals 10 45 50 20 125 Unit Cost Ending inventory at September 30 $100 LA 103 104 105 Total Cost $1,000 4,635 FIFO 5,200 Compute the ending inventory at September 30 using FIFO, LIFO, and average-cost. (Round average cost per unit to 3 decim places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.) 2,100 $12,935 | $ LIFO $ AVERAGE-COST
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REI sells snowboards. Assume the following information relates to REl's purchases of snowboards during September. During the month, 100 snowboards were sold. REl 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 decima places, e.s. 125.153 and final answers to 0 decimal places, e.8. 125.)

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