Question
Blossom Company uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts in the following perpetual inventory record: (Round
Blossom Company uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts in the following perpetual inventory record: (Round cost per unit to 2 decimal places, eg. 52.75) Purchases Cost Of Goods Sold Date: Units Cost Total Units Cost June 1 Beginning Inventory 200 $25.60 $5,120 400 $22.00 $8,800 18. 350 $20.80 $7,280 Total 200 $ $ 200 $ $ 400 Inventory B Units Blossom Company uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts in the following perpetual inventory record: (Round cost per unit to 2 decimal places, eg. 52.75) Purchases Cost Of Goods Sold Date: Units Cost Total Units Cost June 1 Beginning Inventory 200 $25.60 $5,120 400 $22.00 $8,800 18. 350 $20.80 $7,280 Total 200 $ $ 200 $ $ 400 Inventory B Units
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