Blossom Company uses a perpetual inventory system. The company began 2024 with 1,100 lamps in inventory at a cost of $11 pe unit. During 2024, Blossom had the following purchases and sales of lamps: February 15 April 24 Purchased 2,200 units @ $17 per unit Sold 2,750 units @ $29 per unit June 6 Purchased 3,850 units @ $22 per unit October 18 Sold 2,200 units @ $32 per unit December 4 Purchased 1,540 units @ $25 per unit All purchases and sales are on account. (a) * Your answer is incorrect. Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decir places, e.g. 5.27 and final answers to O decimal places, e.g. 5,275.) Weighted Average Cost of goods sold 98356.50 Ending inventory 74313.80 eTextbook and Media Question Part Score (b) Attempts: 2 of 2 us Prepare journal entries to record the June 6 purchase and the October 18 sale. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round the average cost per unit to 2 decimal places, e.g. 5.27 and final answers to O decimal places, e.g. 5,275. List all debit entries before credit entries.) Date Account Titles Debit Credit June 6 Oct. 18 Oct. 18 (To record sales on account.)

Name: Blossom Company uses a perpetual inventory system. The company began
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Blossom Company uses a perpetual inventory system. The company began 2024 with 1,100 lamps in inventory at a cost of $11 perunit. During 2024, Blossom had the following purchases and sales of lamps:February 15April 24Purchased2,200 units @ $17 per u