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The following inventory transactions took place for Cullumber Corporation for the month of May: Cost/ Selling Price $3.20 3.40 3.50 Date Event May 1 beginning inventory May 5 purchase May 10 purchase May 15 sale May 20 sale May 22 purchase May 24 purchase May 25 sale Quantity 2,050 5,210 4,050 5,740 2,040 3,930 2,050 5,995 6.10 6.10 3.70 3.70 6.10 Calculate the ending inventory balance for Cullumber Corporation, assuming the company uses a periodic inventory system and the weighted average cost formula. (Round average unit costs to 2 decimal places, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275.) ta Ending inventory The following inventory transactions took place for Blossom Ltd. for the year ended December 31, 2020: Cost/ Selling Price $46.00 75.00 40.85 48.40 Date Event Quantity Jan 1 opening inventory 21,000 Jan 5 sale 6.100 Feb 15 purchase 34,500 Mar 10 purchase 9,900 May 20 sale 41,900 Aug 22 purchase 14,100 Sep 12 sale 20,100 Nov 24 purchase 9,900 Dec 5 sale 16,100 75.00 44.50 75.00 50.50 75.00 Calculate the ending inventory balance for Blossom Ltd., assuming the company uses a perpetual inventory system and the first-in, first-out cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and ending inventory to 0 decimal places, e.g. 5,276.) Ending inventory $ 244240 Unit cost of the last item sold $ 46.96