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Blossom Company uses a perpetual inventory system and reports the following inventory transactions for the month of July: 0.67/1 !!! July 1 12 Inventory Purchases

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Blossom Company uses a perpetual inventory system and reports the following inventory transactions for the month of July: 0.67/1 !!! July 1 12 Inventory Purchases Sale Purchases Units 150 230 (250) 490 Unit Cost $13.00 14.25 Total Cost $1.950.00 3.277.50 20 28 17.00 8,330.00 X Your answer is incorrect. Calculate the cost of goods sold and ending inventory under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to two decimal places, e.g. 5.27 and final answers to 2 decimal places, e.3.5,275.75.) FIFO Weighted average 5227 Cost of goods sold $ $ $ $ Ending inventory

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