Question
Testbank Problem 160 (Part Level Submission) Cullumber Company was formed on December 1, 2019. The following information is available from Cullumber's inventory record for Product
Testbank Problem 160 (Part Level Submission) Cullumber Company was formed on December 1, 2019. The following information is available from Cullumber's inventory record for Product X. Units Unit Cost January 1, 2020 (beginning Inventory) 2,200 $24 Purchases: January 5, 2020 2,700 $26 January 25, 2020 2,400 $27 February 16, 2020 1,300 $28 March 15, 2020 2,600 $29 A physical inventory on March 31, 2020, shows 3,000 units on hand. Beginning inventory January 5, 2020 (portion) Cullumber Company COMPUTATION OF INVENTORY FOR PRODUCT X UNDER LIFO INVENTORY METHOD Units March 31, 2020 Unit Cost March 31, 2020, Inventory Click if you would like to Show Work for this question: Open Show Work Total Cost Attempt
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