Question 3 Cullumber Company uses a periodic inventory system and reports the following for the month of June. Units Date June 1 Unit Cost $5 130 Explanation Inventory Purchases Purchases Inventory Total Cost $ 650 2,328 1,505 12 388 6 23 215 7 30 230 Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost $ SHOW SOLUTION LINK TO TEXT LINK TO VIDEO Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO Average-cost The cost of the ending inventory $ $ $ The cost of goods sold $ $ $ Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION