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Current Attempt in Progress Cullumber Company uses a periodic inventory system. Its records show the following for the month of April, with 25 units on
Current Attempt in Progress Cullumber Company uses a periodic inventory system. Its records show the following for the month of April, with 25 units on hand at April 30: Unit Total Units Cost Cost April 1 Inventory 30 $8 $240 12 Purchases 45 10 450 16 Purchases 17 11 187 Total 92 $877 (a) Calculate the ending inventory and cost of goods sold at April 30 using the FIFO and weighted average cost formulas. (Round the weighted average cost per unit to 2 decimal places, eg. 52.75 and final answers to O decimal places, eg. 5.275) Ending Inventory Cost of Goods Sold $ eTextbook and Media Save for Later FIFO Weighted average Attempts: 0 of 2 used Submit Answer (b) Prove the cost of goods sold calculations. (Round the weighted average cost per unit to 2 decimal places, eg. 52.75 and other answers to O decimal places, eg. 5,275.) Check of Cost of Goods Sold (FIFO): Apr. 1 Apr. 12 Weighted Average Units Unit Cost Total Cost Check of Cost of Goods Sold: units x $ per unit = $
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