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Cullumber Trading Company uses a periodic inventory system and has a beginning inventory as of April 1 of 220 tents. This consists of 220 tents
Cullumber Trading Company uses a periodic inventory system and has a beginning inventory as of April 1 of 220 tents. This consists of 220 tents purchased in February at a cost of $350 each. During April, the company had the following purchases and sales of tents. Your answer is partially correct. Determine the April cost of goods sold and the cost of the April 30 ending inventory using FIFO, LIFO, and average-cost. (Round average-cost ending inventory to 2 decimal places, e.g. 5.12 and final answers to 0 decimal places, e.g. 5,250.) eTextbook and Media Attempts: 1 of 2 used
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