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Cullumber Company uses the perpetual inventory system and had the following purchases and sales during March Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1
Cullumber Company uses the perpetual inventory system and had the following purchases and sales during March Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 138 $60 Beginning inventory Purchase 3/3 98 $70 3/4 Sales 108 $120 3/10 Purchase 238 $75 3/16 Sales 118 $130 3/19 Purchase 78 $80 3/25 Sales 158 $130 Using the trwentory and sales data above, calculate the value assigned to cost of goods sold in March and to the ending inventory at March 31 usine FIFO and UFO. FIFO LIFO Cost of goods sold $ Ending inventory $
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