Cullumber Company uses a periodic inventory system. Its records show the following for the month of April, with 25 units on hand at

April 30:

April 1

12

16

Inventory

Purchases

Purchases

Total

Units

30

45

17

92

Unit

Cost

$8

10.

Total

Cost

$240

= 450

187

5877

(a)

* Your answer is incorrect.

Calculate the ending inventory and cost of goods sold at April 30 using the FIFO and weighted average cost formulas. (Round the weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 5,275.)

FIFO

Weighted averaze

Ending Inventory

Cost of Goods Sold

1857