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Cullumber Company uses a perpetual inventory system and reports the following Inventory transactions for the month of July: Unit Cost $8.00 11.00 Units 150 230

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Cullumber Company uses a perpetual inventory system and reports the following Inventory transactions for the month of July: Unit Cost $8.00 11.00 Units 150 230 (250) 490 Total Cost $1,200.00 2,530,00 July 1 Inventory 12 Purchases 20 Sale 28 Purchases 10.00 4,900.00 Calculate the cost of goods sold and ending Inventory under (1) FIFO and (2) weighted average (Round the weighted average cost per unit to two decimal places, eg, 5.27 and final answers to 2 decimal places, es 5.275.75)

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