On May 1, Blossom Company had beginning inventory consisting of 240 units with a unit cost of $7. During May, the company purchased inventory as follows: 480 units at $7 720 units at $8 The company sold 1200 units during the month for $12 per unit. Blossom uses the average-cost method. Assuming that a periodic inventory system is used, the cost of Blossom's inventory at May 31 is (Round average cost per unit to 2 decimal places, e.g. 12.52.) $1800 O $1920 O $1680 O $10800 Save for Later Attempts: 0 of 2 used Submit Answer

On May 1, Blossom Company had beginning inventory consisting of 240 units purchased inventory as follows. cost of 57. During May, the company 480 units at $7 720 units at $8 The company sold 1200 units during the month for $12 per unit Blossom uses the average cost method. Assuming that a periodic inventory system is used, the cost of Blossom's inventory at May 31 is (Round avenage cost per unit to 2 decimal ploces es 12.52. $1800 $1920 $1680 $10800