Cullumber Company uses a perpetual inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Units Inventory Purchase Purchase Inventory 130 370 215 270 Unit Cost $5 6 7 Total Cost $650 2,220 1,505

Cullumber Company uses a perpetual inventory system and reports the following for the month of June. Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15 for a selling price of $8 and a sale of 45 units on June 27 for $9. (Round answers to 0 decimal places, eg. 125