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Blossom Company reports the following for the month of June. Units Total Cost Unit Cost $ 4.00 June 1 400 $1,600 Inventory Purchase 12 550
Blossom Company reports the following for the month of June. Units Total Cost Unit Cost $ 4.00 June 1 400 $1,600 Inventory Purchase 12 550 5.00 2,750 23 Purchase 850 6.00 5,100 30 Inventory 260 Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO. FIFO LIFO Ending inventory $ $ Cost of goods sold $ $ $ e Textbook and Media Compute the cost of the ending inventory and the cost of goods sold using the average cost method. (Round per unit cost calculations to 2 decimal places, eg. 5.25 and final answers to O decimal places, e.g. 125.) Ending inventory $ Cost of goods sold $ $
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