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On December 1, 2022, Blossom Company had the account balances shown below. The following transactions occurred during December. Dec. 3 Purchased 3,900 units of inventory

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On December 1, 2022, Blossom Company had the account balances shown below. The following transactions occurred during December. Dec. 3 Purchased 3,900 units of inventory on account at a cost of $0.70 per unit. 5 Sold 4,300 units of inventory on account for $1.00 per unit. (It sold 2,900 of the $0.60 units and 1,400 of the $0.70. 7 Granted the December 5 customer $100 credit for 100 units of inventory returned costing $70. These units were returned to inventory. 17 Purchased 2,300 units of inventory for cash at $0.80 each. 22 Sold 2,000 units of inventory on account for $0.86 per unit. (It sold 2,000 of the $0.70 units.) Journalbe the December transections and adpanting entrick assuming Elossom Comgany usea the perpetual inwentory insethod mtrin prewontind above Prepare an adjulted trial baimce at of Deckinber 31.2022 Prepare an adjusted trial balance as of December 31, 2022 Prepare an adysted trial bal ance as of December 31, 2022 . Assets v \begin{tabular}{l} 5 \\ \\ \hline \end{tabular} Prepare a classified baiance sheet at December 31. 2022. (tist ament dseets in orftref Compute ending inventory and cost of goods sold under FIFO, assuming Blossom Compary uses the periodic inventory system. Ending inventory Cost of Goods Sold 5 Compute ending inventory and cost of zoods sold under LIFO, assuming Blossom Company uses the perlodic inventory system. Ending Inventory Cost of Goods Sold 5 List of Accounts Prepare a classified balance sheet at December 31. 2022. (int current assets incofer of liquiding

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