Question: Help with fifo moving avg and lifo Problem 6-09A a1-a2, b (Part Level Submission) Blossom Co. began operations on July 1. It uses a perpetual


Help with fifo moving avg and lifo


Problem 6-09A a1-a2, b (Part Level Submission) Blossom Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units July 1 5 $177 July 6 July 11 $191 July 14 July 21 7 $202 July 27 5 (al) Your answer is partially correct. Try again. Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round answers to 2 decimal places, e.g. $105.50.) Average cost for each unit July 1 177 July 6 177 July 11 187.50 July 14 187.50 July 21 187.50 July 27 197.65 Click if you would like to Show Work for this question: Open Show Work(a2) Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round average-cost per unit to 2 decimal places, e.g. 12.52 and final answer to 0 decimal places, e.g. 1,250.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system $ S Click if you would like to Show Work for this question: Open Show Work
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