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  3. rei sells snowboards. assume the following informa

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

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Accounting

REI sells snowboards. Assume the following information relates to REl's purchases of snowboards during September. During the same month, 110 snowboards were sold. REI uses a periodic inventory system.
\table[[Date,Explanation,Units,Unit Cost,Total Cost,],[Sept.1,Inventory,11,$110,$1,210,],[Sept.12,Purchases,53,113,5,989,],[Sept.19,Purchases,55,114,6,270,],[Sept.26,Purchases,25,115,2,875,],[Totals,144,,$16,344,t]]
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