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Blossom Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date July
Blossom Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date July July July 11 July 14 July 21 July 27 1 6 Purchases Units 5 6 7 Unit Cost $177 $191 $202 Sales Units 3 5 5 Blossom Ca. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. (a1) to 3 decimal places, es 3105 s.) Average cost for esch unit July 13 My 6 is and 11 s hite 145 July 235 Miy 275 eTeatbook and Media Determine the ending inventory under a perpetual inventory spstem using (1) FIFO. (2) moving average cost, and (3) LIFO. (Round averoge-cost per unit to 3 decimal places, es 12520 ond finat answer to 0 decimal places, es 1,250 ) (b). Which coiting method produces the highest ending inventory? eTextbook and Media
Blossom Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date July July July 11 July 14 July 21 July 27 1 6 Purchases Units 5 6 7 Unit Cost $177 $191 $202 Sales Units 3 5 5
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