month, 107 snowboards were sold. REI uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 (a) Explanation Units Inventory Purchases Purchases Purchases Totals 15 Ending inventory at September 30 49 51 25 140 Unit Cost $110 $ 113 114 115 Total Cost $1,650 FIFO 5,537 5,814 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.) 2,875 $15,876 $ LIFO $ AVERAGE-COST

month, 107 snowboards were sold. REI uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 (a) Explanation Units Inventory Purchases Purchases Purchases Totals 15 Ending inventory at September 30 49 51 25 140 Unit Cost $110 $ 113 114 115 Total Cost $1,650 FIFO 5,537 5,814 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.) 2,875 $15,876 $ LIFO $ AVERAGE-COST

Name: Haresh month, 107 snowboards were sold. REI uses a periodic inventory
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Description: Haresh month, 107 snowboards were sold. REI uses a periodic inventory system.DateSept. 1Sept. 12Sept. 19Sept. 26(a)Explanation UnitsInventoryPurchasesPurchasesPurchasesTotals15Ending inventory atSeptember 30495125| |140Unit Cost$110113114115Total Cos

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 3E: Basga Company uses the periodic inventory system. Beginning inventory amounted to 241,072. A...

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