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Blossom Company uses a periodic inventory system. For October, when the company sold 540 units, the following information is available. Units Unit Cost Total Cost
Blossom Company uses a periodic inventory system. For October, when the company sold 540 units, the following information is available. Units Unit Cost Total Cost October 1 inventory 200 $22 $4,400 October 8 purchase 400 23 23 9,200 October 25 purchase 200 5,200 $18,800 Compute the October 31 inventory and the October cost of goods sold using the FIFO method. Ending inventory Cost of goods sold $
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