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Blossom Company had a beginning inventory balance on July 1 of 350 units at a cost of $2.80 each. During the month, the following
Blossom Company had a beginning inventory balance on July 1 of 350 units at a cost of $2.80 each. During the month, the following inventory transactions took place Purchases Sales Date Units Cost per unit Date Units Price per unit July 10 1,250 $2.90 July 2 250 $5.80 13 650 3.10 11 1,000 5.80 27 550 3.30 28 350 6.30
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