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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 $26 65 130 100 100 65 75 110 28 45 29 50 31 50
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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 irmentory. Calculate ending inventory, cost of goods sold, and gross profit under each of the following methods. 1. LIFO. 2. FIFO 3. Average-cost. (Round answers to 0 decimal places, eg. 125.) Calculate the gross profit rate under each of the following methods. 1 .IFO. 2 FIFO. 3. Average-cost. (Round answers to 1 decimal ploce, es 51.2\%)

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