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The Blossom Store had a beginning inventory on January 1 of 290 full-size strollers at a cost of $190 per unit. During the year, the
The Blossom Store had a beginning inventory on January 1 of 290 full-size strollers at a cost of $190 per unit. During the year, the following purchases were made: At the end of the year, there were 36 units on hand. The Blossom Store uses a periodic inventory system. (d) Calculate gross profit using (1) FIFO and (2) weighted average. (Round answers to 0 decimal places, e.g. 5,275.) The Blossom Store had a beginning inventory on January 1 of 290 full-size strollers at a cost of $190 per unit. During the year, the following purchases were made: At the end of the year, there were 36 units on hand. The Blossom Store uses a periodic inventory system. Your answer has been saved. See score details after the due date. Determine the cost of goods available for sale. Cost of goods available for sale eTextbook and Media Your answer has been saved. See score details after the due date. During the year, The Blossom Store sold the strollers for $330 per unit. Calculate the number of units sold during the year and total sales revenue. Number of units sold units Total sales revenue $ eTextbook and Media Your answer has been saved. See score details after the due date. Determine the cost of the ending inventory and the cost of goods sold using (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275.) eTextbook and Media Calculate gross profit using (1) FIFO and (2) weighted average. (Round answers to 0 decimal places, e.g. 5,275.)
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