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Culver Limited uses a perpetual inventory system. The inventory records show the following data for...

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Accounting

Culver Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations:Culver Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations:
Your answer is correct.
Calculate the cost of goods sold and ending inventory using FIFO.
Cost of goods sold $
Ending inventory $
eTextbook and Media
Your answer is incorrect.
Calculate the cost of goods sold and ending inventory using average cost. (Round average cost per unit to 2 decimal places, e.g.1.25
and final answers to 0 decimal places, e.g.5,125.)
Cost of goods sold $
Ending inventory $
eTextbook and Media
Your answer is partially correct.
Calculate the gross profit for the month of August.
Your answer is correct.
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