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Blossom Company had the following transactions for the month of June Purchases Sales June 1 (balance) 3100 @ $3.00 June 2 2300 @ $ 5.30

Blossom Company had the following transactions for the month of June

Purchases Sales

June 1 (balance) 3100 @ $3.00 June 2 2300 @ $ 5.30

3 8700 @ 2.90 6 6300 @ 5.30

7 4700 @ 3.10 9 3900 @ 5.30

15 7100 @ 3.20 10 1500 @ 5.00

22 1900 @ 3.30 18 5500 @ 5.00

25 750 @ 5.00

Assuming the perpetual inventory records are kept in dollars, the ending Inventory on a FIFO basis is

  • $16245
  • $14810
  • $15010
  • $16990

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