ss.3 Compute the April 30 ending inventory and April cost of goods sold under (a) average cost, (b) FIFO, and (c) LIFO. (Round cost perunit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, eg. 1,525)(a) Average-cost-Ending Inventory(b) FIFO-Ending InventoryLIFO-Ending Inventory(d$$Cost of Goods Sold $Cost of Goods SoldCost of Goods SoldS$ Cullumber Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 94 units at a costof $6 per unit. During April, the following purchases and sales were made.April 7132329April 5112030Purchases74148)11855395Sales14811810854428units at $7.00.units at $8.00units at $9.00units at $10.00units at $20units at $20units at $20units at $20

Name: ss.3 Compute the April 30 ending inventory and April cost of goods sol
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Description: ss.3 Compute the April 30 ending inventory and April cost of goods sold under (a) average cost, (b) FIFO, and (c) LIFO. (Round cost perunit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, eg. 1,525)(a) Average-cost-Ending Invent

Ending inventory is the amount of inventory in hand at the end of the period. It is shown in the…

Business

Accounting

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 55 395 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