Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the...

Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available.

April 1 inventory	300	$33	$ 9,900
April 15 purchase	440	40	17,600
April 23 purchase	260	43	11,180
	1,000		$38,680

Compute the April 30 inventory and the April cost of goods sold using the LIFO method.

Ending Inventory $

Cost of goods sold $

Compute the April 30 inventory and the April cost of goods sold using the FIFO method.

Ending Inventory $

Cost of Goods Sold $

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Expert Solution

ekkarill92 answered 1 year ago

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