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Question 2 of 8 - 1 9 Culver Corporation began operations on December 1 , 2 0 2 2 . The only inventory transaction in

Question 2 of 8
-19
Culver Corporation began operations on December 1,2022. The only inventory transaction in 2022 was the purchase of inventory on December 10,2022, at a cost of $23 per unit. None of this inventory was sold in 2022. Relevant information for fiscal 2023 is as follows:
Ending inventory units:
Dec. 31,2022
Dec. 31,2023, by purchase date
Dec 2,2023
110
July 20,2023
32,142
During 2023, the following purchases and sales were made:
\table[[Purchases,Sales],[Mar.,15,330 units at $24,Apr.,10,230,],[July,20,3.30 units at $28,Aug.,20,280,],[Sept.,4,250 units at $29,Nov.,18,190,],[Dec.,2,110 units at $31,Dec.,12,288,]]
The company uses the periodic inventory method.
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