The accounting records of Blossom Electronics show the following data.

Beginning inventory $,4,000$ units at $$6$

Purchases $8,500$ units at $$8$

Sales $,10,900$ units at $$11$

$($a$)$

Your Answer

Correct Answer

Your answer is correct.

Calculate weighted$-$average unit cost. $($Round answer to $3$ decimal places, e$.$g$.5\mathrm{.}125.)$

Weighted$-$average unit cost

eTextbook and Media

Solution

Attempts: $3$ of $3$ used

$($b$)$

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$.125.)$

$\backslash$table$[[,$FIFO,LIFO,Average$-$cost$],[$Cost of goods sold,$$,$$$,$$