Cullumber Company uses the perpetual inventory system and had the following purchases and sales during March. 3/1 3/3 3/4 3/10 3/16 3/19 3/25 Beginning inventory Purchase Sales Purchase Sales Purchase Sales Cost of goods sold Ending inventory LA Units 94 54 194 34 Purchases FIFO 12180 Unit Cost 6990 $40 $50 $55 $60 LA $ Units Using the inventory and sales data above, calculate the value assigned to cost of goods sold in March and to the ending inventory a March 31 using FIFO and LIFO. $ 64 74 114 Sales LIFO Selling Price/Unit $80 $90 $90

Cullumber Company uses the perpetual inventory system and had the following purchases and sales during March. Using the inventory and sales data above, calculate the value assigned to cost of goods sold in March and to the ending inventory March 31 using FIFO and LIFO