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Culver Corporation uses a periodic inventory system. Its records show the following for the month of May, in which 76 units were sold. Date May
Culver Corporation uses a periodic inventory system. Its records show the following for the month of May, in which 76 units were sold. Date May 1 15 24 Explanation Units Inventory Purchase Purchase Total Weighted-average unit cost eTextbook and Media 34 The ending inventory at May 31 23 eTextbook and Media 43 100 CA $ Unit Cost Total Cost $9 Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) $ 10 11 $306 230 FIFO 473 Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.) $1,009 10.07 IT $ LIFO 69 AVERAGE-COST
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