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Cullumber uses perpetual imventory and keeps records of both dollars and units on a LiFO basis. Cullumber generally tries to keep about 1,480 units of

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Cullumber uses perpetual imventory and keeps records of both dollars and units on a LiFO basis. Cullumber generally tries to keep about 1,480 units of its popular raspberry crumb cake on hand, but in February, its key supplier had some delivery issues causing the stock of inventory to drop lower than normal. Calculate the imventory balance and cost of goods sold for Cullumber in February under specific-goods LIFO. Endinginventory

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