Question 3 of 7 0/4 In its first month of operations Blossom Company made three purchases of merchandise in the following sequence: 200 units at $6 250 units at $5; and 300 units at $4. There are 400 units on hand at the end of the period. Blossom uses a periodic inventory system (a) X Your answer is incorrect Calculate the cost of the ending inventory and cost of goods sold under FIFO FIFO Ending inventory $ 1703 Cost of poods sold 5 1947 eTextbook and Media Assistance used