You have the following information for Blossom Diamonds. Blossom Diamonds uses the periodic method of accounting for its inventory transactions. Blossom only carries one brand and size of diamonds-all are identical. Each batch of diamonds purchased is carefully coded and marked with its purchase cost. March 1 Beginning inventory 186 diamonds at a cost of 380 per diamond. March 3 Purchased 248 diamonds at a cost of 434 each. March 5 Sold 232 diamonds for 744 each. March 10 Purchased 434 diamonds at a cost of 480 each. March 25 Sold 496 diamonds for 806 each.