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Cullumber Company Inc. had a beginning inventory of 100 units of Product RST at a cost of $6 per unit. During the year, purchases

Cullumber Company Inc. had a beginning inventory of 100 units of Product RST at a cost of $6 per unit. During the year, purchases were: Feb. 201 May 5 605 units at $7 Aug. 12 400 units at $9 475 units at $8 Dec. 81 95 units at $10 Cullumber Company uses a periodic inventory system. Sales totaled 1,495 units.

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