Please help me with all answers thanku Blossom Company uses a perpetual inventory system and reports the following for the month of June.DateJune 1122330Explanation UnitsInventoryPurchasePurchaseInventory112336190200Unit Cost$567Total Cost$5602,0161,330 Calculate the weighted-average cost per unit, using a perpetual inventory system. Assume a sale of 388 units occurred on June 15 for a selling price of $8 and a sale of 50 units on June 27for $9. (Round intermediate calculations to O decimal places, e.g. 152 and final answers to 3 decimal places, e.g. 5.125.)June 1June 12June 15June 23$LA$$LAJune 27 $5

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Description: Please help me with all answers thanku Blossom Company uses a perpetual inventory system and reports the following for the month of June.DateJune 1122330Explanation UnitsInventoryPurchasePurchaseInventory112336190200Unit Cost$567Total Cost$5602,0161,

Weighted Average Method :— It is one of the method of inventory valuation in which it is assumed…

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Blossom Company uses a perpetual inventory system and reports the following for the month of June. Date June 1 12 23 Explanation Units Inventory Purchase Purchase 30 Inventory 112 336 190 200 Unit Cost $5 6 7 Total Cost $560 2,016 1,330

Blossom Company uses a perpetual inventory system and reports the following for the month of June. Date June 1 12 23 Explanation Units Inventory Purchase Purchase 30 Inventory 112 336 190 200 Unit Cost $5 6 7 Total Cost $560 2,016 1,330

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 6MCQ: Refer to the information for Morgan Inc. above. If Morgan uses a perpetual inventory system, what is...

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