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You are given the following information for Blossom Company for the month ended November 30, 2021: Date Description Nov. 1 Beginning inventory 59 Units Unit
You are given the following information for Blossom Company for the month ended November 30, 2021: Date Description Nov. 1 Beginning inventory 59 Units Unit Price $50 9 Purchase 100 46 46 15 Sale (115) 22 Purchase 155 42 29 Sale (150) 30 Purchase 41 40 Blossom Company uses a perpetual inventory system. All sales and purchases are on account. Your answer is correct. Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted average cost per un decimal places, eg. 5.27 and final answers to 2 decimal places, e.g. 5,275.75.) Cost of goods sold Ending inventory eTextbook and Media List of Accounts 1,942 3,758 Attempts 5/15 !!! Assume the sales price was $67 per unit for the goods sold on November 15. Prepare the journal entry to record the November 15 sale. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round the average cost per unit to two decimal places, e.g. 5.27 and final answers to 2 decimal places, e.g. 5,275.75) Date Nov. 15 Nov. 15 Account Titles and Explanation (To record sales on account.) (To record cost of goods sold.) eTextbook and Media Debit Credit
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