REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 106 snowboards were sold. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Date Explanation Units Inventory Purchases Purchases Sept. 5 Sept. 16 Sept. 29 Purchases Totals Sale Sale Sale Totals Units 8 47 51 13 106 45 55 Additional data regarding the company's sales of snowboards are provided below. Assume that REI uses a perpetual inventory system. 22 135 Unit Cost $110 113 114 115 Total Cost $1,430 5,085 6,270 2,530 $15,315
REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 106 snowboards were sold. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Date Explanation Units Inventory Purchases Purchases Sept. 5 Sept. 16 Sept. 29 Purchases Totals Sale Sale Sale Totals Units 8 47 51 13 106 45 55 Additional data regarding the company's sales of snowboards are provided below. Assume that REI uses a perpetual inventory system. 22 135 Unit Cost $110 113 114 115 Total Cost $1,430 5,085 6,270 2,530 $15,315
College Accounting (Book Only): A Career Approach
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Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 9E: Williams Corporation had the following purchases for May: May 3Bought ten lawn rakes from Owens...
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![Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to O decimal places, e.g. 125.)
The ending inventory
FIFO
LIFO
AVERAGE-COST](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcc3a14d3-17e0-4f1a-b937-89b06afdc692%2F736b86c7-493c-4607-a983-11267b19c0e2%2Fdc54cv4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to O decimal places, e.g. 125.)
The ending inventory
FIFO
LIFO
AVERAGE-COST
![REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same
month, 106 snowboards were sold.
Date
Sept. 1
Sept. 12
Sept. 19
Sept. 26
Date
Explanation Units Unit Cost
Inventory
$110
Sept. 5
Sept. 16
Sept. 29
Purchases
Purchases
Purchases.
Totals
Sale
Sale
Sale
Totals
Units
8
47
51
13
106
45
55
Additional data regarding the company's sales of snowboards are provided below. Assume that REI uses a perpetual inventory system.
22
135
113
114
115
Total Cost
$1,430
5,085
6,270
2,530
$15,315](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcc3a14d3-17e0-4f1a-b937-89b06afdc692%2F736b86c7-493c-4607-a983-11267b19c0e2%2Fdyyg4j1_processed.jpeg&w=3840&q=75)
Transcribed Image Text:REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same
month, 106 snowboards were sold.
Date
Sept. 1
Sept. 12
Sept. 19
Sept. 26
Date
Explanation Units Unit Cost
Inventory
$110
Sept. 5
Sept. 16
Sept. 29
Purchases
Purchases
Purchases.
Totals
Sale
Sale
Sale
Totals
Units
8
47
51
13
106
45
55
Additional data regarding the company's sales of snowboards are provided below. Assume that REI uses a perpetual inventory system.
22
135
113
114
115
Total Cost
$1,430
5,085
6,270
2,530
$15,315
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