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Blossom TVs uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at 744.00 each. On January 10,
Blossom TVs uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at 744.00 each. On January 10, Blossom purchased 6 units at 804 each. The company sold 2 units on January 8 and 4 units on January 15. Part 1 Compute the ending inventory under FIFO. (Round answers to O decimal places, e.g. 2,120.) FIFO The ending inventory Compute the ending inventory under moving-average cost. (Round average unit cost to 2 decimal places, e.g. 25.16 and final answer to O decimal places, e.g. 2,120.) MOVING-AVERAGE COST The ending inventory
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