Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. second time the question has been asked due to inc

Second time the question has been asked due to incorrect answers last time (Ending Inventory...

50.1K

Verified Solution

Question

Accounting

Second time the question has been asked due to incorrect answers last time (Ending Inventory = $257754 ; Unit Cost of the last item sold = $45.22) I do not know what I am doing wrong so I may need a step by step answer of this question. Thank you so much.

image The following inventory transactions took place for Blossom Ltd. for the year ended December 31, 2023: Calculate the ending inventory balance for Blossom Ltd., assuming the company uses a perpetual inventory system and the first-in, first-out cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and ending inventory to 0 decimal places, e.g. 5,276.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

WRITE 2 PAGE ESSAY...NO PLAGIARISM TOPIC:Monitoring toddlers and technology what i personally believe about children why is important...

Psychology
Q

Derive the expression for the Euler’s formula (the critical load) for pin-ended columns.

Mechanical Engineering
Q

ndicate how each of the following events should be classified in a statement of cash flows...

Accounting
Q

Manuel has a remaining balance of $563 on his credit card. His credit card company...

Basic Math
Q

Determine the shaded area This figure is not drawn to scale The shaded area is...

Calculus
Q

A company just starting business made the following four inventory purchases in June:...

Accounting
Q

1/4 of 1% expressed as a decimal is

Accounting
Q

A foreign subsidiary of a U.S. corporation purchased equipment on January 4, 20x1. (A) How...

Accounting
Q

Please answer required 1, 2a, 2b, 3 Garden Sales, Incorporated, sells garden supplies. Management...

Accounting
Q

QUESTION 14 Kumeri Ltd (Kumeri) is a real estate company which reports under International Financial...

Accounting
Q

A project has an initial cost of $40,000, expected net cash inflows of $14,000 per...

Accounting
Q

During its first year of operations, Haas produced 60,000 units and sold 60,000 units. During...

Accounting