The following inventory transactions took place for Blossom Ltd. for the year ended December 31,...
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The following inventory transactions took place for Blossom Ltd. for the year ended December 31, 2020: Cost/ Selling Price Date Event Quantity Jan 1 opening inventory 21,000 $ 46.00 Jan 5 sale 6.100 75.00 Feb 15 purchase 34,500 40.85 Mar 10 purchase 9,900 48.40 May 20 sale 41,900 75.00 Aug 22 purchase 14,100 44.50 Sep 12 sale 20,100 75.00 Nov 24 purchase 9,900 50.50 Dec 5 sale 16,100 75.00 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, eg. 52.75 and ending inventory to 0 decimal places, eg. 5,276.) Ending inventory $ Unit cost of the last item sold $ e Textbook and Media Save for Later Attempts: 0 of 2 used Submit
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