The accounting records of Blossom Company show the following data.

Beginning inventory		5,000 units at	$5
Purchases		7,500 units at	$7
Sales		9,900 units at	$10

Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)

Average unit cost

$enter average unit cost in dollars

per unit

Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (Round answers to 0 decimal places, e.g. 125.)

		FIFO		LIFO		Average-cost
Cost of goods sold		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount

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