Please do not give solution in image format Blossom Company's record of transactions for the month of April was as follows.PurchasesApril 148132129(balance on hand)LIFOSalesAverage-cost $@ $6.001,6204,050@6.082,160 @ 6.403,240 @ 6.50April 391123271,3503,7801,620@ $10.00@ 10.00@ 11.001,890 @ 6.601,350 @ 6.7914,310Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using LIFO andaverage-cost. (Round answer to 0 decimal places, e.g. 2,760.)3,2402,430 @ 12.0012,420@ 11.00

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Description: Please do not give solution in image format Blossom Company's record of transactions for the month of April was as follows.PurchasesApril 148132129(balance on hand)LIFOSalesAverage-cost $@ $6.001,6204,050@6.082,160 @ 6.403,240 @ 6.50April 391123271,3

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Blossom Company's record of transactions for the month of April was as follows. Purchases April 1 4 8 13 21 29 LIFO (balance on hand) Average-cost Sales $ 1,620 4,050 @6.08 2,160 @ 6.40 @ $6.00 3,240 @ 6.50 April 3 9 11 23 27 1,350 3,780 1,620 @ 11.00 @ $10.00 1,890 @ 6.60 1,350 @ 6.79 14,310 Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using LIFO and average-cost. (Round answer to 0 decimal places, e.g. 2,760.) @ 10.00 3,240 2,430 @ 12.00 12,420 @ 11.00

Blossom Company's record of transactions for the month of April was as follows. Purchases April 1 4 8 13 21 29 LIFO (balance on hand) Average-cost Sales $ 1,620 4,050 @6.08 2,160 @ 6.40 @ $6.00 3,240 @ 6.50 April 3 9 11 23 27 1,350 3,780 1,620 @ 11.00 @ $10.00 1,890 @ 6.60 1,350 @ 6.79 14,310 Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using LIFO and average-cost. (Round answer to 0 decimal places, e.g. 2,760.) @ 10.00 3,240 2,430 @ 12.00 12,420 @ 11.00

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 17MC: Sold goods for $650, credit terms net 30 days. Which journal would the company use to record this...

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