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You have the following information for Cullumber Inc. for the month ended October 31, 2025. Cullumber uses a periodic system for inventory. Date Oct. 1

You have the following information for Cullumber Inc. for the month ended October 31, 2025. Cullumber uses a periodic system for inventory. Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Units Unit Cost or Selling Price $24 60 140 95 95 60 70 105 26 45 270 50 29 50
and also fond the gross profit percentages
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You have the following information for Cullumber Inc. for the month ended October 31,2025. Cullumber uses a periodic system for inventory. Calculate ending inventory, cost of goods sold, and gross profit under each of the following methods. 1. LIFO. 2. FIFO, 3. Average-cost

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