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Question 14 You are provided with the following information for Blossom Inc. for the month ended June 30, 2019. Blossom uses the periodic system for invernt Unit Cost or Date June 1 Beginning inventory June 4 Purchase June 10 Sale June 11 Sale return June 18 Purchase June 18 Purchase return June 25 Sale June 28 Purchase Description Quantity Selling Price 45 138 110 17 57 $39 43 71 71 45 45 76 49 65 30 (al) Your answer is correct. Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted-average cost per unit Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEOI SIMILAR PROBLEM | (a2) Calculate ending invenocot of oods sold oros wolt vnder each ad the Yoloing mthods( uro.(o) riro. (a) Average cost. (Round ave LIFO I FIFO AVERAGE-COST The ending inventory s The cost of goods sold s Gross profit Calculate ending iwventory, cost of goods sold, oros proft under each of the folloning mechods. Ca) LIFO. (2) FIFO. (3) Average-cost. (Round average cost places, e.g. 1,250.25 and other answers to 0 decinsal places, e.g. 1,250.) method answers to 2 decimal LIFO FIFO111AVERAGE-COST The ending inventory The cost of coods sold s Gross profit e-cost. (Round answers to 1 decimal place, eg. 51.2%) Calculate gross profit rate under each of the following methods. (1) uro. (2) riro (3) Averag FIFO AVERAGE COST LIFO Gross profit rate LINK TO TEXT Compare the results for the three cost flow assumptions and answer the following In this period of rising prices, gives the lowest cost of goods sold and the gross profe i Gross profht gives the highest cost of goods sold and the Show transcribed image text

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