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Current Attempt in Progress At the beginning of the year, Blossom Company had 400 units with a cost of $3 per unit in its beginning

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Current Attempt in Progress At the beginning of the year, Blossom Company had 400 units with a cost of $3 per unit in its beginning inventory The following inventory transactions occurred during the month of January Jan 3 Purchased 1,000 units on account for $3.50 per unit 9 Sold 550 units on account for $9 each 15 Sold 800 units for cash for 59 each Prepare Journal entries to record the January transactions assuming that Blossom Company uses a periodic inventory system under al FIFO and (b) weighted average (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) (a) FIFO Date Account Titles and Explanation Debit (To record purchases on account) (To record sales on account (To record cash sales: (b) Weighted Average Date Account Titles and Explanation Debit (To record purchases on account.) (b) Weighted Average Date Account Titles and Explanation Debit (To record purchases on account.) (To record sales on account.) (To record cash sales.)

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