Blossom Retailers uses a perpetual inventory system. Data for athletic t-shirts include the following purchases: Date June 6 Aug. 20 Number of Units 64 44 Unit Cost $12 10 On July 9, Blossom sold 42 t-shirts, and on September 7, 54 more units. Prepare the perpetual inventory record for the above transactions using weighted average. (Round weighted average cost per unit to 3 decimals places e.g. 52.750 and total amounts to 2 decimal places e.g. 5,275.25.) Units $ LA Inventory Balance Cost $ $ Total

Blossom Retailers uses a perpetual inventory system. Data for athletic t-shirts include the following purchases: Date June 6 Aug. 20 Number of Units 64 44 Unit Cost $12 10 On July 9, Blossom sold 42 t-shirts, and on September 7, 54 more units. Prepare the perpetual inventory record for the above transactions using weighted average. (Round weighted average cost per unit to 3 decimals places e.g. 52.750 and total amounts to 2 decimal places e.g. 5,275.25.) Units $ LA Inventory Balance Cost $ $ Total

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Description: Blossom Retailers uses a perpetual inventory system. Data for athletic t-shirts include the following purchases:DateJune 6Aug. 20Numberof Units6444UnitCost$1210On July 9, Blossom sold 42 t-shirts, and on September 7, 54 more units.Prepare the perpet

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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