Blossom has the following inventory data July 1 Beginning inventory 59 units at $ 142 5 Purchases 354 units at $ 132 14 Sale 236 units 21 Purchases 177 units at $ 136 30 Sale 165 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basi...

Solution The correct answer is c 25656 Explanatio ...

Blossom has the following inventory data: July 1 Beginning inventory 59 units at $ 142 5 Purchases

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Blossom has the following inventory data:

July 1	Beginning inventory	59 units at $142
5	Purchases	354 units at $132
14	Sale	236 units
21	Purchases	177 units at $136
30	Sale	165 units

Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?

$53640$53522$25656$25438

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Principles of cost accounting

ISBN: 9780840037039

15th Edition

Authors: Edward J. Vanderbeck

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Posted Date: Feb 07, 2022 02:37 PM

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Blossom has the following inventory data: July 1 Beginning inventory 59 units at $ 142 5 Purchases

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Solution The correct answer is c 25656 Explanatio... View the full answer

Principles of cost accounting

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