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Hello, could I get some help solving this question please - finding the ending inventory using a perpetual inventory system and the FIFO cost formula.

Hello, could I get some help solving this question please - finding the ending inventory using a perpetual inventory system and the FIFO cost formula.

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The following inventory transactions took place for Blossom Corporation for the month of May: Cost} Selling Date Event Quantity Price May 1 beginning inventory 2,090 $3.00 May 5 purchase 4,980 3.20 May 10 purchase 4.090 3.30 May 15 sale 5950 5.90 May 20 sale 2.200 5.90 May 22 purchase 3.300 3.50 May 24 purchase 1.810 3.50 May 25 sale 5,800 5.90 Calculate the ending inventory balance for Blossom Corporation, assuming the company uses a perpetual inventory system and the rst-in. rst-out (FIFO) cost formula. Ending inventory

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