Unit: Cost/Unit Amount July 1 Beginning inventory 5,040 $12.00 $60,480 4 Purchase 7,560 $12.50 94,500 8...

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Unit: Cost/Unit Amount July 1 Beginning inventory 5,040 $12.00 $60,480 4 Purchase 7,560 $12.50 94,500 8 Sale 7,560 14 Sale 1,890 22 Purchase 6,300 $12.75 80,325 28 Sale 4,410 All of the units sold were priced at $20 per unit. Blossom Ltd. uses the perpetual inventory system. Calculate Blossom' cost of goods sold, gross margin, and ending inventory for the month of July using weighted average. (Round calculations for cost per unit to 2 decimal places, eg. 10.52 and final answers to O decimal places, eg. 61,052) Cost of goods sold $ Gross margin $ Ending Inventory $ Unit: Cost/Unit Amount July 1 Beginning inventory 5,040 $12.00 $60,480 4 Purchase 7,560 $12.50 94,500 8 Sale 7,560 14 Sale 1,890 22 Purchase 6,300 $12.75 80,325 28 Sale 4,410 All of the units sold were priced at $20 per unit. Blossom Ltd. uses the perpetual inventory system. Calculate Blossom' cost of goods sold, gross margin, and ending inventory for the month of July using weighted average. (Round calculations for cost per unit to 2 decimal places, eg. 10.52 and final answers to O decimal places, eg. 61,052) Cost of goods sold $ Gross margin $ Ending Inventory $

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Answer To calculate the cost of goods sold gross margin and ending inventory using the weightedavera... View the full answer