Current Attempt in Progress In its first month of operations, Blossom Company made three purchases of merchandise in the following sequence: 200 units at $7; 250 units at $6; and 300 units at $5. There are 410 units on hand at the end of the period. Blossom uses a periodic inventory system. (a) Your answer is incorrect. Calculate the cost of the ending inventory and cost of goods sold under FIFO. Ending inventory Cost of goods sold FIFO 5030 +A $ 340