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20. During July, the following purchases and sales were made by Blossom Company. There was no beginning inventory. Blossom Company uses a perpetual inventory system.
20. During July, the following purchases and sales were made by Blossom Company. There was no beginning inventory. Blossom Company uses a perpetual inventory system. July 3 11 20 Purchases 32 units @ $8 32 units @ $9 15 units @ $11 July 13 July 13 22 July 22 Sales 44 units Under the LIFO method, the cost of goods sold for each 15 units le is:
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