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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 Beginning Inventory

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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 Beginning Inventory Jan. 1 200 $11 Feb. 11 500 $15 May 18 400 Oct. 23 100 March 1 400 July 1 400 Purchases 17 21 Sales: 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 A. First-in, First-out Ending Inventory Cost of goods sold

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