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Exercise 8-9 Blue Company sells one product. Presented below is information for January for Blue Company. Jan. 1 Inventory 121 units at $4 each 4

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Exercise 8-9 Blue Company sells one product. Presented below is information for January for Blue Company. Jan. 1 Inventory 121 units at $4 each 4 Sale 100 units at $8 each 11 Purchase 159 units at $6 each 126 units at $9 each 13 Sale 20 Purchase 175 units at $7 each 27 Sale 114 units at $11 each Blue uses the FIFO cost flow assumption. All purchases and sales are on account

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