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Blossom Trading Company uses a periodic inventory system and has a beginning inventory as of April 1 of 265 tents. This consists of 265 tents
Blossom Trading Company uses a periodic inventory system and has a beginning inventory as of April 1 of 265 tents. This consists of 265 tents purchased in February at a cost of $440 each. During April, the company had the following purchases and sales of tents. Determine total sales for the month of April. Determine cost of goods available for sale and ending inventory in units. Cost of goods available for sale $ Ending inventory in units eTextbook and Media Solution Attempts: 2 of 2 use a2) Determine the April cost of goods sold and the cost of the April 30 ending inventory using FIFO, LIFO, and average-cost. (Round average-cost ending inventory to 2 decimal places, e.g. 5.12 and final answers to 0 decimal places, e.g. 5,250 .)
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