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Blossom Company began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases


 

Blossom Company began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units: Unit Cost Sales Units July 1 7 $66 July 6 5 July 11 3 $71 July 14 3 July 21 4 $76 July 27 3 (a1) Your answer is partially correct. Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 3 decimal places, eg. 15.125) July 1 July 6

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