Question
Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Units Unit Cost Total Cost
Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available.
Units Unit Cost Total Cost
April 1 inventory 300 $33 $ 9,900
April 15 purchase 440 40 17,600
April 23 purchase 260 43 11,180
1,000 $38,680
(a)
Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)
Weighted average cost per unit
38.68
(b)
Compute the April 30 inventory and the April cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g. 2,760.)
Ending inventory
$enter the ending inventory in dollars rounded to 0 decimal places
Cost of goods sold
$enter the cost of goods sold in dollars rounded to 0 decimal places
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