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Blossom Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Blossoms purchases and sales

Blossom Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Blossoms purchases and sales of the ultra-lightweight snowboard in October:

Date

Transaction

Units

Unit Purchase Price

Unit Sales Price

Oct. 1

Beginning inventory

25 $295

10

Purchase

30 301

12

Sale

(42) $456

13

Purchase

35 307

25

Sale

(45) 466

27

Purchase

20 315

What would be the ending inventory and cost of goods sold if Blossom used FIFO and weighted average in a periodic inventory system? (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,265.25.)

FIFO

Weighted Average

Ending inventory

$enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2 decimal places

Cost of goods sold

$enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2 decimal places

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