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Blossom Co. began operations on July 1. It uses a perpetual inventory system. During July,...

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Accounting

Blossom Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date July July 6 July 11 July 14 July 21 1 July 27 Purchases Units 4 7 8 Unit Cost $120 $130 $141 Sales Units 3 6 5
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Calculate the average cost per unit at July 1,6,11,14,21&27. (Round intermediate calculations to 0 decimal places and final answers to 3 decimal places, eg. $105.501 ) 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 3 decimal ploces, eg. 12.520 and final answer to 0 decimal places, e.g. 1,250.) Blossom Ca. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales

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