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The accounting records of Cullumber Company show the following data. (b) Beginning inventory 2,800 units at $5 Purchases 7,800 units at $6 Sales 9,000 units
The accounting records of Cullumber Company show the following data. (b) Beginning inventory 2,800 units at $5 Purchases 7,800 units at $6 Sales 9,000 units at $10 Your answer is correct. Determine cost of goods sold during the period under a periodic inventory system using the FIFO method. FIFO Cost of goods sold during the period $ eTextbook and Media 51200 Your answer is correct Determine cost of goods sold during the period under a periodic inventory system using the LIFO method. Cost of goods sold during the period eTextbook and Media LIFO 52800 Attempts: 2 of 5 used Attempts: 1 of 5 used (b) Determine cost of goods sold during the period under a periodic inventory system using the FIFO method. FIFO Cast of goods sold during the period eTextbook and Media Your answer is correct. 51200 Determine cost of goods sold during the period under a periodic inventory system using the LIFO method. Cost of goods sold during the period eTextbook and Media LIFO 52800 Attempts: 2 of 5 used Attempts: 1 of 5 used (c) Determine cost of goods sold during the period under a periodic inventory system using the average-cost method. (Round average- cost per unit to 3 decimal places, eg. 12.502 and final answer to 0 decimal places, e.g. 1,250.) Average-cost Cost of goods sold during the period $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit
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