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Cullumber Company uses a periodic inventory system. Its records show the following for the month of May, in which 68 units were sold. Units Unit

Cullumber Company uses a periodic inventory system. Its records show the following for the month of May, in which 68 units were sold.

Units

Unit Cost

Total Cost

May 1

Inventory

32

$8

$256

15

Purchases

26

11

286

24

Purchases

37

12

444

Totals

95

$986

Compute the ending inventory at May 31 and cost of goods sold using the FIFO, LIFO, and average-cost methods.

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