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--/1 Question 4 View Policies Current Attempt in Progress Blossom Company took a physical inventory on December 31 and determined that goods costing $221,500 were
--/1 Question 4 View Policies Current Attempt in Progress Blossom Company took a physical inventory on December 31 and determined that goods costing $221,500 were on hand. Not included in the physical count were $28,000 of goods purchased from Splish Brothers Inc., FOB, shipping point, and $28,000 of goods sold to Novak Corp. for $30,000, FOB destination. Both the Splish Brothers purchase and the Novak sale were in transit at year-end. What amount should Blossom report as its December 31 inventory? Ending Inventory Question 3 View Policies Current Attempt in Progress Ayayai Corp. uses a periodic inventory system and reports the following for the month of June. Date Explanation Unit Cost Total Cost Units 105 June 1 Inventory $ 525 Purchases 2.100 Purchases 1,400 Inventory Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost $ e Textbook and Media Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO Average-cost The cost of the ending inventory $ A The cost of goods sold
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