Question 4

Culver Corporation reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 117 $585 12 Purchases 404 2,424 23 Purchases 211 1,477 30 Inventory 245 Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost $ eTextbook and Media 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 A | # $ The cost of goods sold LA #