You are given the following information for Blossom Company for the month ended November 30, 2024:...

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You are given the following information for Blossom Company for the month ended November 30, 2024: Date Description Units Unit Cost Nov. 1 Beginning inventory 59 $50 9 Purchase 100 46 15 Sale (115) 22 Purchase 155 42 29 Sale (150) 30 Purchase 41 40 Blossom Company uses a perpetual inventory system. All sales and purchases are on account. Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,275.75.) Cost of goods sold $ Ending inventory $ eTextbook and Media List of Accounts Assume the sales price was $67 per unit for the goods sold on November 15. Prepare the journal entry to record the November 15 sale. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round the average cost per unit and final answers to 2 decimal places, e.g. 5,275.75. List all debit entries before credit entries.) Date Account Titles Nov. 15 Nov. 15 (To record sales on account.) (To record cost of goods sold.) eTextbook and Media List of Accounts Debit Credit If the company changes from weighted average to FIFO and prices continue to fall, would you expect the cost of goods sold and ending inventory amounts to be higher or lower? If prices continue to fall, the FIFO cost formula will continue to yield ending inventory and cost of You are given the following information for Blossom Company for the month ended November 30, 2024: Date Description Units Unit Cost Nov. 1 Beginning inventory 59 $50 9 Purchase 100 46 15 Sale (115) 22 Purchase 155 42 29 Sale (150) 30 Purchase 41 40 Blossom Company uses a perpetual inventory system. All sales and purchases are on account. Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,275.75.) Cost of goods sold $ Ending inventory $ eTextbook and Media List of Accounts Assume the sales price was $67 per unit for the goods sold on November 15. Prepare the journal entry to record the November 15 sale. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round the average cost per unit and final answers to 2 decimal places, e.g. 5,275.75. List all debit entries before credit entries.) Date Account Titles Nov. 15 Nov. 15 (To record sales on account.) (To record cost of goods sold.) eTextbook and Media List of Accounts Debit Credit If the company changes from weighted average to FIFO and prices continue to fall, would you expect the cost of goods sold and ending inventory amounts to be higher or lower? If prices continue to fall, the FIFO cost formula will continue to yield ending inventory and cost of