Solution-Calculate the ending inventory and cost of goods

Calculate the ending inventory and cost of goods sold

Reference no: EM133150535

Question - Blossom Company uses a periodic inventory system. Its records show the following for the month of April, with 23 units on hand at April 30:

		Units	Unit Cost	Total Cost
April 1	Inventory	27	$7	$189
12	Purchases	41	10	410
16	Purchases	13	11	143
	Total	81		742

Required - Calculate the ending inventory and cost of goods sold at April 30 using the FIFO and weighted average cost formulas.

Reference no: EM133150535

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Calculate the ending inventory and cost of goods sold

Reference no: EM133150535

Reference no: EM133150535

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