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Testbank Exercise 154 Blossom Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item

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Testbank Exercise 154 Blossom Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020. Quantities Date January 11 January 24 February 8 March 16 June 11 Unit Price of Purchase $4.50 $4.8 Purchased Sold Balance 400 1,300 - 1,700 - 300 1,400 - 550 850 600 - 1,450 $5.1 Compute the ending inventory at June 30 under the perpetual LIFO Inventory pricing method. Ending inventory LINK TO TEXT Compute the cost of goods sold for the first six months under the periodic FIFO inventory pricing method. Cost of goods sold s

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