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Blossom Company uses a perpetual inventory system. The company began 2 0 2 4 with 1 , 1 0 0 lamps in inventory at a

Blossom Company uses a perpetual inventory system. The company began 2024 with 1,100 lamps in inventory at a cost of $11 per unit. During 2024, Blossom had the following purchases and sales of lamps:
\table[[February 15,Purchased,2,200 units @ $ 17 per unit],[April 24,Sold,2,750 units @ $29 per unit],[June 6,Purchased,3,850 units @ $22 per unit],[October 18,Sold,2,200 units @ $32 per unit],[December 4,Purchased,1,540 units @ $25 per unit]]
All purchases and sales are on account.
Prepare journal entries to record the June 6 purchase and the October 18 sale. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round the average cost per unit to 2 decimal places, e.g.5.27 and final answers to 0 decimal places, e.g.5,275. List all debit entries before credit entries.)
Date Account Titles
Debit
Credit
June 6
Oct. 18
(To record sales on account.)
Oct. 18
(To record cost of goods sold.)

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