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(Solved): REI sells snowboards. Assume the following information relates to REI's purchases of snowboards dur ...



REI sells snowboards. Assume the following information relates to REIs purchases of snowboards during September. During the
Compute the ending inventory at September 30 using FIFO. LIFO, and average-cost. (Round average cost per unit to 3 decimal pl
Compute the cost of goods sold for the month using the FIFO, LIFO, and average-cost methods. (Round average cost per unit to
REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 106 snowboards were sold. REI uses a periodic inventory system. 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 0 decimal places, eg. 125.) eTextbook and Media Compute the cost of goods sold for the month using the FIFO, LIFO, and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, eg. 125.)


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Working for solution is provided below - Units Cost per unit value Beginning Balance 15 $105.00 $1,575.00 Purchases 47 $108.00 $5,076.00 - 52 $109.00
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