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Presented below is information related to Blowfish radios for the Blossom Company for the month of July. Date Transaction Units In Unit Cost Total Units
Presented below is information related to Blowfish radios for the Blossom Company for the month of July. Date Transaction Units In Unit Cost Total Units Sold Selling Price Total July 1 Balance 130 $4.10 $ 533 4,368 6 Purchase 1,040 4.20 7 Sale 390 $ 2,691 $6.90 7.20 10 Sale 390 2,808 12 Purchase 520 4.50 2,340 15 Sale 260 7.30 1,898 18 Purchase 390 4.60 1,794 22 Sale 520 7.30 3,796 25 Purchase 650 4.58 2,977 30 Sale 260 7.40 1,924 $13,117 Totals 2,730 $12,012 1,820 Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the following cost flow assumptions. (Round answers to O decimal places, e.g. 6,578.) (1) FIFO. (2) LIFO. (3) Weighted-average. (1) FIFO (2) LIFO (3) Weighted-Average Ending Inventory at July 31 $ $
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