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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

image text in transcribedimage text in transcribed 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 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 answers to O decimal places, e.g. 125.) Cost of the ending inventory Cost of goods sold FIFO LIFO Moving Average $ I $

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