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  3. assume that blossom has the following inventory da

Assume that Blossom has the following inventory data: July 1 Beginning inventory 138 units at...

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Accounting

Assume that Blossom has the following inventory data: July 1 Beginning inventory 138 units at $19 Purchases 7 22 Purchases O $4738. 483 units at $20 69 units at $22 $13662. $4462. $9062. $2622 9660 1518 The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 230 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is $13800
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Assume that Blossom has the following inventorv data: The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 230 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is $4738. $13662. $4462. $9062

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