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Cullumber Company uses a perpetual inventory system. The following information is available for November: Units Purchase Price Sales Price Nov. 1 Balance 8 $6.00 4

Cullumber Company uses a perpetual inventory system. The following information is available for November:
Units Purchase Price Sales Price
Nov. 1 Balance 8 $6.00
4 Purchase 18 $6.50
7 Purchase 20 $7.00
10 Sale (8) $9.00
12 Sale (30) $9.00

Calculate the cost of goods sold and ending inventory under FIFO. (Round answers to 0 decimal places, e.g. 5,275.)

FIFO
Cost of goods sold $

Ending inventory $

Calculate the cost of goods sold and ending inventory under weighted average. (Round the weighted average cost per unit to two decimal places, e.g. 5.27 and final answers to 0 decimal places, e.g. 5,275.)

Weighted average
Cost of goods sold $

Ending inventory $

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