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The accounting records of Blossom Company show the following data. Beginning inventory 5,000 units at $5 Purchases 7,500 units at $7 Sales 9,900 units...

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Accounting

The accounting records of Blossom Company show the followingdata.
Beginning inventory5,000 units at$5
Purchases7,500 units at$7
Sales9,900 units at$10
Calculate average unit cost. (Round answer to 3decimal places, e.g. 5.125.)
Average unit cost$enter average unit cost in dollarsper unit
Determine cost of goods sold during the period under a periodicinventory system using the FIFO method, the LIFO method, and theaverage-cost method. (Round answers to 0 decimalplaces, e.g. 125.)

FIFO

LIFO

Average-cost

Cost of goods sold

$enter a dollar amount$enter a dollar amount$enter a dollar amount
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