Question: Cullumber Top uses the periodic inventory system. For the current month, the beginning inventory consisted of 480 units that cost $70 each. During the month,

Cullumber Top uses the periodic inventory system. For the current month, the beginning inventory consisted of 480 units that cost $70 each. During the month, the company made two purchases: 720 units at $73 each and 363 units at $75 each. Cullumber also sold 1203 units during the month. If the average-cost method is used, what is the amount of ending inventory? (Round average cost per unit to 2 decimal places, e.g. 21.48.) $86385. $27000. $26114. $87266. Attempts: 0 of 1 used

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