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Cullumber Company had the following transactions for the month of June: June 1 3 7 15 22 Purchases (balance) 3300 @ $3.30 8780@ O $17554.
Cullumber Company had the following transactions for the month of June: June 1 3 7 15 22 Purchases (balance) 3300 @ $3.30 8780@ O $17554. O $18517. O $18144. O $18397. 4850 @ 7220@ 2060 @ 3.20 3.40 3.50 3.60 June 2 6 9 10 18 25 Sales 2390@ $5.40 6500 @ 3960 @ 1670@ 5520 @ 770@ 5.40 5.40 7.00 7.00 7.00 Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, is (Round average cost per unit to 2 decimal places, e.g. 1.48.)
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