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Blossom Company uses the perpetual inventory system and had the following purchases and sales during March. Purchases Sales Selling Price/Unit Units Unit Cost Units 3/1

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Blossom Company uses the perpetual inventory system and had the following purchases and sales during March. Purchases Sales Selling Price/Unit Units Unit Cost Units 3/1 Beginning inventory 90 $20 3/3 Purchase 50 $30 3/4 Sales 60 $40 3/10 Purchase 190 $35 3/16 Sales 70 $50 3/19 Purchase 30 $40 3/25 Sales 110 $50 Using the inventory and sales data above, calculate the value assigned to cost of goods sold in March and to the ending inventory at March 31 using FIFO and LIFO. FIFO LIFO Cost of goods sold $ $ Ending inventory $

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