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You have the following information for Blossom Inc. for the month ended October 31, 2022. Blossom uses a periodic method for inventory. Date Description
You have the following information for Blossom Inc. for the month ended October 31, 2022. Blossom uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory $23 Oct. 9 Purchase 124 25 Oct. 11 Sale 102 34 Oct. 17 Purchase 108 26 Oct. 22 Sale 58 39 Oct. 25 Purchase 72 28 Oct. 29 Sale 102 39 Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) The ending inventory The cost of goods sold $ Gross profit LIFO $ FIFO $ AVERAGE-COST
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