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Record the purchase on October 13 and sale on October 25 for Blossom Company in a periodic inventory system under (1) FIFO and (2) weighted

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Record the purchase on October 13 and sale on October 25 for Blossom Company in a periodic inventory system under (1) FIFO and (2) weighted average. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Periodic-FIFO Oct. 13 Merchandise Inventory Accounts Payable (To record purchase on account.) 9030 9030 Oct. 25 Cash 19152 Sales 19152 (To record cash sales.) Periodic-Weighted Average Oct. 13 Cost of Goods Sold 12527.45 Merchandise Inventory 12527:45 (To record purchase on account.) 0 Oct. 25 Cash 0 Sales (To record cash sales.) Blossom Company sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Blossom's purchases and sales of the ultra-lightweight snowboard in October: Unit Sales Unit Purchase Price $295 301 Price Date Transaction Oct. 1 Beginning inventory 10 Purchase 12 Sale 13 Purchase 25 Sale 27 Purchase Units 25 30 (42) 35 (45) 20 $456 307 466 313 Assume that all of Blossom's sales are for cash and all of its purchases are on account

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