Blossom Company sells an ultra-lightweight snowboard that is considered to be one of the best on...
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Blossom Company sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follc Blossom's purchases and sales of the ultra-lightweight snowboard in October: Date Transaction Units Unit Purchase Price Unit Sales Price Oct. 1 Beginning inventory 25 $295 10 Purchase 30 301 12 Sale (42) $456 13 Purchase 35 307 25 Sale (45) 466 27 Purchase 20 315 Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Blossom uses a perpetu inventory system. (Round the weighted average cost per unit and final answers to 2 decimal places, eg. 5,265.25.) Purchase 20 315 Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Blossom uses a perpetual inventory system. (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,265.25.) FIFO Weighted Average Ending inventory 2$ $4 Cost of goods sold $4 2$ e Textbook and Media 27 What would be the ending inventory and cost of goods sold if Blossom used FIFO and weighted average in a periodic inventory system? (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,265.25.) FIFO Weighted Average $ $4 Ending inventory 24 24 Cost of goods sold Blossom Company sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follc Blossom's purchases and sales of the ultra-lightweight snowboard in October: Date Transaction Units Unit Purchase Price Unit Sales Price Oct. 1 Beginning inventory 25 $295 10 Purchase 30 301 12 Sale (42) $456 13 Purchase 35 307 25 Sale (45) 466 27 Purchase 20 315 Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Blossom uses a perpetu inventory system. (Round the weighted average cost per unit and final answers to 2 decimal places, eg. 5,265.25.) Purchase 20 315 Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Blossom uses a perpetual inventory system. (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,265.25.) FIFO Weighted Average Ending inventory 2$ $4 Cost of goods sold $4 2$ e Textbook and Media 27 What would be the ending inventory and cost of goods sold if Blossom used FIFO and weighted average in a periodic inventory system? (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,265.25.) FIFO Weighted Average $ $4 Ending inventory 24 24 Cost of goods sold
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Perpetual Weighted Average Debit Credit Oct 10 Merchandise Inventory 9030 30301 Accounts payabl... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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