Culver Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 4 sets at $660 each. On January 10, Culver purchased 7 units at $725 each. The company sold 3 units on January 8 and 4 units on January 15. (a) Compute the ending inventory under FIFO. Your answer is correct. The ending inventory (b) (c) eTextbook and Media Compute the ending inventory under LIFO. The ending inventory eTextbook and Media Save for Later FIFO $ LIFO 2900 Attempts: 1 of 4 used Attempts: 0 of 4 used Submit Answer

Culver Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 4 sets at $660 each. On January 10 , Culver purchased 7 units at $725 each. The company sold 3 units on January 8 and 4 units on January 15 . (a) Compute the ending inventory under FIFO. eTextbook and Media Attempts: 1 of 4 used (b) Compute the ending inventory under LIFO