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Blossom Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 82 units at a cost
Blossom Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 82 units at a cost of $6 per unit. During April, the following purchases and sales were made. April 7 13 Purchases 72 units at $7.00 144 units at $8.00 114 units at $9.00 52 units at $10.00 382 23 29 April 5 11 Sales 144 units at $20 114 units at $20 104 units at $20 52 units at $20 414 20 30 Compute the April 30 ending inventory and April cost of goods sold under (a) average cost, (b) FIFO, and (c) LIFO. (Round cost per unit to 2 decimal places, eg. 15.25 and final answer to O decimal places, eg. 1,525.) (a) Average-cost - Ending Inventory $ Cost of Goods Sold $ $ (b) FIFO - Ending Inventory Cost of Goods Sold $ $ $ $ (c) LIFO- Ending Inventory Cost of Goods Sold $ $
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