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The following inventory transactions took place for Blossom Ltd. for the year ended December 31,2023 : Calculate the ending inventory balance for Blossom Ltd., assuming
The following inventory transactions took place for Blossom Ltd. for the year ended December 31,2023 : Calculate the ending inventory balance for Blossom Ltd., assuming the company uses a periodic inventory system and the weighted average cost formula. Also calculate the per-unit cost of the last item sold. (Round weighted average cost and unit costs of next unit to be sold to 2 decimal places, e.g. 52.75 and ending inventory to 0 decimal places, e.g. 5,275.)
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