Question: Cullumber Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 94 units at a cost
Cullumber Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 94 units at a cost of $6 per unit. During April, the following purchases and sales were made. April 7 13 23 29 April 5 11 20 30 Purchases 74 148 118 55 Sales 148 118 108 54 428 units at $7.00 units at $8.00 units at $9.00 units at $10.00 units at $20 units at $20 units at $20 units at $20

Cullumber Enterprises uses a periodic inventory system for bucketsit sells. It had a beginning irventory on April 1 of 94 units at a cost of 56 per unit. During April, the following purchases and sales were made. Compute the April30 ending irwentory and April cost of goods sold under (a) average cost, (b) FIFO; and (c) LFO (Round cost per unit to 2 decimal places, es. 15.25 and final answer to 0 decimal places, es. 1,525 . (a) Average-bost-Ending inventory (b) FFO-Ending lowentory (c) UFO-Endine Inventory Cost af Goods Sold Cost of Goods sold 3 $ 3
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