CALCULATOR PUNTER VERSION Practice Exercise 8-03 Cullumber Company was formed in 2016 and maintains its books and records on calendar year basis. The following information is available from Cullumbar's inventory records for Zhao's only product, the XL5500. Units Unit Cost $82 1,000 January 1, 2017 beginning inventory) Purchases January 8, 2017 January 23, 2017 February 9, 2017 February 25, 2017 500 1,350 400 750 83 84.00 87 89 A physical inventory on February 20, 2017, shows 1,300 units on hand Prepare schedule to compute the ending inventory at February 23, 2017, under FIFO inventory method. (Round unit costs to 2 decimal places. 5.25 and final answers to decimal places... 5.272) CULLUMBER Company COMPUTATION OF INVENTORY FOR PRODUCT XL550K) UNDER FIFO INVENTORY METHOD for the Year Ended February 20, 2017 Units Unit Cost 1350 Total cost Purchase anuary 23, 2017 115850 400 340 Purchases February 9, 2017 Purchases February 25, 2017 700 02300 February 20, 2017 Inventory 2450 212950 och SAM Prepare schedule to compute the ending inventory at February 28, 2017, under uro inventory method (round unit costs to 2 decimal places, ng. 5.25 and answers to decal places, d. 5.272.) CULLUMDER Company COMPUTATION OF INVENTORY FOR PRODUCT XL5500 UNDER LIFO INVENTORY METHOD For the Year Ended February 28, 2017 Units tinit cost Total cost Beginning inventory 1000 82000 Purchases January 3, 2012 500 83 41500 February 28, 2017 Inventory 1500 123500 LINK TO YEKI Calculate weighted average cost per unit. (Round answer to 2 decimals 2.70) Weighted averat per unit LINK TO TEXT Calculate weighted average-cost per unit. (Round answer to 2 decimal places, e., 2.76.) Weighted average-cost per unit LINK TO TEXT Compute the ending inventory at February 28, 2017, under weighted average inventory method. (Round answer to o decimal places, e. 9. 2,760.) Weighted Average Ending Inventory at February 28, 2017 Click if you would like to show Work for this question: Open Show Work LINK TO TEXT