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Blossom Company uses a perpetual inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1
Blossom Company uses a perpetual inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5 $600 12 Purchase 380 6 2,280 23 Purchase 210 7 1,470 30 30 Inventory 250 (a1) - Your answer is partially correct. Calculate the weighted-average cost per unit, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15 for a selling price of $8 and a sale of 60 units on June 27 for $9. (Round intermediate calculations to O decimal places, e.g. 152 and final answers to 3 decimal places, e.g. 5.125.) June 1 $ 5 June 12 $ 5.76 June 15 $ 6.75 June 23 $ June 27 $ eTextbook and Media (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost t 3 decimal places, eg. 15.647 and final answers to O decimal places, e.g. 5,125.) FIFO Cost of the ending inventory $ Cost of goods sold $ LIFO Average-cost $ $ $ $
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