Question: Problem 6-13A (Part Level Submission) Culver Ltd. had a beginning inventory on January 1 of 250 units of product SXL at a cost of $159
Problem 6-13A (Part Level Submission) Culver Ltd. had a beginning inventory on January 1 of 250 units of product SXL at a cost of $159 per unit. During the year, purchases were as folloms Unit Cost $149 144 136 125 Total Cost $104,300 72,000 61,200 12,500 Units Mar. 15 700 uly 20500 Sept. 4450 Dec. 2 100 Culver uses a periodic inventory system. At the end of the year, a physical inventory count determined that there were 200 units on hand. (a) your answer is correct. Determine the cost of goods available for sale. Cost of Goods Available for Sale LINK TO TEXT (b) Determine the cost of the ending inventory and the cost of the poods sold using() FIFO and (2) average cost. (Do not round weighted average unit cost. Round Average answers to 2 declmal places, e.g. 5.25.) FIFO Average Ending Inventory Cost of Goods Sold
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