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Current Attempt in Progress Blossom Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 60
Current Attempt in Progress Blossom Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 60 units at a cost of $6 per unit. During April, the following purchases and sales were made. Purchases April 7 50 13 100 units at $7.00 units at $7.50 units at $8.00 23 70 29 40 units at $8.80 260 Sales April 5 100 units at $20 units at $20 11 70 20 60 units at $20 30 30 units at $20 260 Compute the April 30 ending inventory and April cost of goods sold under (a) average cost. (b) FIFO, and (c) LIFO. (Round cost per unit to 2 decimal places, eg. 15.25 and final answer to decimal places, eg. 1,525.) (a) Average-cost-Ending Inventory $ Cost of Goods Sold $ (b) FIFO -Ending Inventory $ Cost of Goods Sold 5 c) LIFO-Ending Inventory $ Cost of Goods Sold $ Textbook and Media
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