Cullumber Company uses a periodic inventory system and

Last updated: 4/11/2023

Cullumber Company uses a periodic inventory system and reports the following for the month of June Date June 1 12 23 30 a1 Explanation Inventory Purchase Purchase Inventory a2 Units 120 eTextbook and Media Solution 390 Your Answer Correct Answer Used 190 Your answer is correct 235 Weighted average unit cost Cost of the ending Unit Cost Your answer is partially correct 5 Calculate weighted average unit cost Round answer to 3 decimal places e g 5 125 6 FIFO 7 Total Cost 600 1600 2 340 1 330 Compute the cost of the ending inventory and the cost of goods sold under FIFO LIFO and average cost Round answers to O decimal places e g 125 6 100 Attempts 3ATused LIFO Average cost 1433