Problem 6-8A Blossom Company is a retailer operating in Calgary, Alberta. Blossom Company uses the...
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Problem 6-8A Blossom Company is a retailer operating in Calgary, Alberta. Blossom Company uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Blossom Company for the month of January 2017.
Problem 6-8A Blossom Company is a retailer operating in Calgary, Alberta. Blossom Company uses the perpetual inventory methood Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Blossom Company for the month of January 2017 Date _DescriptionQuantity Unit Cost or Selling Price Dec. 31 Ending inventory Jan. 2 Jan. 6 Jan. 9 Jan. 10 Sale Jan. 23 Purchase Jan. 30 Sale 145 90 166 75 52 94 143 $19 21 43 23 48 24 51 Purchase Sale Purchase Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 Jan. 2 Jan. 6 Jan. 9 Jan. 10 lan 2
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