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Problem 8-5 (Part Level Submission) Some of the information found on a detail inventory card for Blossom Inc. for the first month of operations is
Problem 8-5 (Part Level Submission) Some of the information found on a detail inventory card for Blossom Inc. for the first month of operations is as follows. Received No. of Units Unit Cost Issued, No. of Units Balance, No. of Units Date 1,400 $4.47 January 2 7 1,400 500 900 10 800 4.77 13 700 18 1,200 4.92 500 1,300 600 1,300 200 1,700 700 20 1,100 23 1,500 5.07 26 1,000 28 1,800 5.22 2,500 1,000 31 1,500 (a1) Your answer is correct. Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit 4.92 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER (a2) Your answer is partially correct. Try again. From these data compute the ending inventory on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to O decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory 5,220 4,935 4,920 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT Attempts: 2 of 3 used SAVE FOR LATER SUBMIT ANSWER (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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