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Blossom Company markets CDs of numerous performing artists. At the beginning of March, Blossom had in beginning inventory 2,500 CDs with a unit cost of

Blossom Company markets CDs of numerous performing artists. At the beginning of March, Blossom had in beginning inventory 2,500 CDs with a unit cost of $8. During March, Blossom made the following purchases of CDs.

March 5

2,200 @ $9

March 21

4,900 @ $11

March 13

3,200 @ $10

March 26

2,200 @ $12

During March 11,700 units were sold. Blossom uses a periodic inventory system.

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Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory $ $ $ The cost of goods sold $ $ $

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