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  3. you are provided with the following information fo

You are provided with the following information for Cullumber Inc. for the month ended June...

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Accounting

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You are provided with the following information for Cullumber Inc. for the month ended June 30, 2019. Cullumber uses the periodic method for inventory Date June Beginning inventory June 4 Purchase June 10 Sale June 11 Sale return June 18 Purchase June 18 Purchase return June 25 Sale June 28 Purchase Unit Cost or Selling Price $38 42 67 67 Description Quantity 38 135 105 12 52 62 72 25 48 Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted-average cost per unit $ 42.89 Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round average- cost method answers to 2 decimal places, e.g. 1,250.25 and other answers to O decimal places, e.g. 1,250. Use weighted- average unit cost rounded to 2 decimal places for computations.) LIFO FIFO AVERAGE-COST The ending inventory $ The cost of goods sold $ Gross profit

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