The following inventory transactions took place for Blossom Ltd. for the year ended December 31, 2023:Cost/SellingDateEventQuantityPriceJan 1beginning inventory 20,160$44.75Jan 5sale6,12069.95Feb 15purchase33,90041.25Mar 10purchase10,42046.00May 20sale41.80069.95Aug 22purchase14,00042.00Sep 12sale20,30069.95Nov 24purchase9,30043.95Dec 5sale14,80069.95Calculate the ending inventory balance for Blossom Ltd., assuming the company uses a perpetual inventory system and the moving-average cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and endinginventory to O decimal places, e.g. 5,275.)Ending inventory$SUPPORT

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Calculate the ending inventory balance for Blossom Ltd.. assuming the company uses a perpetual inventory system and the moving- average cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and ending inventory to O decimal places, e.g. 5,275.)

Calculate the ending inventory balance for Blossom Ltd.. assuming the company uses a perpetual inventory system and the moving- average cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and ending inventory to O decimal places, e.g. 5,275.)

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 4PEA: Beginning inventory, purchases, and sales for 30xT are as follows: Assuming a perpetual inventory...

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