REl sells snowboards. Assume the following information relates to REI's purchases of snowboards during September....
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Accounting
REl sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 107 snowboards were sold. REI uses a periodic inventory system. Compute the ending inventory at September 30 using FIFO, LFO, and average-cost. (Round overage cost per unit to 3 decimal ploces, es. 125.153 and final answers to 0 decimal ploces, es. 125.) 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 ploces, e.s. 125.153 and final answers to 0 decimal places, e.g. 125.)
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