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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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Question

Accounting

REI sells snowboards. Assume the following information relates to REl's purchases of snowboards during September. During the same
month, 103 snowboards were sold. REl uses a periodic inventory system.
(a)
Correct Answer
Your answer is partially correct.
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.)
Solution
Attempts: 3 of 3 used
(b)
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, e.g.125.)
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