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Blossom Company uses a periodic inventory system and reports the following for the month of June. Unit Cost Date Units June 1 12 23 Explanation

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Blossom Company uses a periodic inventory system and reports the following for the month of June. Unit Cost Date Units June 1 12 23 Explanation Inventory Purchase Purchase Inventory 110 340 220 224 $5 6 7 Total Cost $ 550 2,040 1,540 30 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round per unit cost to 3 decimal places, es, 15.647 and final answers to decimal places, eg. 5,125) FIFO LIFO Average-cost Cost of the ending inventory Cost of goods sold $ $ 5 $ $

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