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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:
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: Units Unit Cost Total Cost 31 April 1 12 $8 $248 Inventory Purchases Purchases 48 12 576 16 10 170 Total 96 994 Calculate the ending inventory and cost of goods sold at April 30 using the FIFO and weighted average cost formulas. (Round the welghted average cost per unit to 2 decimal places, eg. 52.75 and final answers to 0 decimal places, e.g. 5,275.) FIFO Weighted average Ending Inventory $ Cost of Goods Sold 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 $ $ Apr. 12 Weighted Average Check of Cost of Goods Sold: per unit = $
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