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Inventory data for Culver Corporation are presented as follows. Assume a sale of 409 units occurred on June 15 for a selling price of $8
Inventory data for Culver Corporation are presented as follows. Assume a sale of 409 units occurred on June 15 for a selling price of $8 and a sale of 55 units on June 27 for $9. (a1). (a2) Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125. Round answers to 0 decimal places, e.g. 125.)
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