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Question 7 In its first month of operations, Culver Company made three purchases of merchandise in the following sequence: (1) 307 units at NT$171, (2)

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Question 7 In its first month of operations, Culver Company made three purchases of merchandise in the following sequence: (1) 307 units at NT$171, (2) 410 units at NT$185, and (3) 199 units at NTs204. Culver uses a periodic inventory system. Assuming there are 448 units on hand, compute the cost of the ending inventory under the FIFO method. The cost of the ending inventory NT$ Assuming there are 448 units on hand, compute the cost of the ending inventory under the average cost method Round verage cost and find, dnswer to 2 decima, places, eg, 1.25. The cost of the ending inventory NTS

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