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Cullumber Company uses a periodic inventory system and reports the following for the month of June. Date June 1 (a) 12 23 30 Explanation Units
Cullumber Company uses a periodic inventory system and reports the following for the month of June. Date June 1 (a) 12 23 30 Explanation Units Inventory Purchases Purchases Inventory 112 448 280 260 Unit Cost Total Cost $4 6 8 $448 2,688 2,240 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.)
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