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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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