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Blossom Interiors reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 185 5 925 12 Purchase
Blossom Interiors reports the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
185
5
925
12
Purchase
300
6
1,800
23
Purchase
515
7
3,605
30
Inventory
145
Compute the cost of the ending inventory and the cost of goods sold under FIFO and average-cost.
Blossom Interiors reports the following for the month of June.
Date | Explanation | Units | Unit Cost | Total Cost |
June 1 | Inventory | 185 | 5 | 925 |
12 | Purchase | 300 | 6 | 1,800 |
23 | Purchase | 515 | 7 | 3,605 |
30 | Inventory | 145 |
|
|
Compute the cost of the ending inventory and the cost of goods sold under FIFO and average-cost.
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