Cullumber Company uses a periodic inventory system. Its records show the following for the month of April, with 23 units on hand at April 30:

ts					Unit Cost			Total Cost
April 1		Inventory			31				$7				$217
12		Purchases			45				11				495
16		Purchases			14				12				168
		Total			90								880

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 0 decimal places, e.g. 5,275.)

		FIFO		Weighted average
Ending Inventory		$enter a dollar amount		$enter a dollar amount
Cost of Goods Sold		$enter a dollar amount		$enter a dollar amount

Prove the cost of goods sold calculations. (Round the average cost per unit to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.)

Check of Cost of Goods Sold (FIFO):
		Units		Unit Cost		Total Cost
Apr. 1		enter a number of units		$enter a dollar amount		$enter a dollar amount
Apr. 12		enter a number of units		enter a dollar amount		enter a dollar amount
		enter a total number of units				$enter a total amount

Weighted Average

Check of Cost of Goods Sold: enter a number of units $enter a dollar amount per unit = $enter a total amount