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Inventory Costing Methods-Perpetual Method The following information is for the Bloom Company for 2012; the company sells just one product: Units Unit Cost Jan. 1

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Inventory Costing Methods-Perpetual Method The following information is for the Bloom Company for 2012; the company sells just one product: Units Unit Cost Jan. 1 200 $15 Beginning Inventory Purchases: Feb. 11 500 $19 May 18 400 21 Oct. 23 100 25 Sales: March 1 400 July 1 400 Calculate the value of ending inventory and cost of goods sold using the perpetual method and (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Do not round until your final answers. Round your final answers to the nearest dollar. 8,800 14,600 A. First-in, First-out: Ending Inventory $ Cost of goods sold $ B. Last-in, first-out: Ending Inventory Cost of goods sold $ C. Weighted Average Ending Inventory $ Cost of goods sold $ 6,800 x 13,600 X 0 x 0 x

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