May 7,120,$10 July 28,58,13 On June 1, Blossom sold 72 units, and on August 27, 86 more units. Prepare the perpetual inventory record for the above transactions using FIFO. Cost of Goods Sold Total Units $ 13 Cost Total.. May 7120$10July 285813On June 1, Blossom sold 72 units, and on August 27, 86 more units. Prepare the perpetual inventory record for the above transactionsusing FIFO.10ATotal120013754Cost of Goods SoldUnitsCostTotal72$10A720481048038134941954

Here's the perpetual inventory record for Blossom using FIFO, incorporating the missing information…

May 7 120 $10 July 28 58 13 On June 1, Blossom sold 72 units, and on August 27, 86 more units. Prepare the perpetual inventory record for the above transactions using FIFO. 10 A Total 1200 13 754 Cost of Goods Sold Units Cost Total 72 $ 10 A 720 48 10 480 38 13 494 1954

May 7 120 $10 July 28 58 13 On June 1, Blossom sold 72 units, and on August 27, 86 more units. Prepare the perpetual inventory record for the above transactions using FIFO. 10 A Total 1200 13 754 Cost of Goods Sold Units Cost Total 72 $ 10 A 720 48 10 480 38 13 494 1954

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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May 7,120,$10 July 28,58,13 On June 1, Blossom sold 72 units, and on August 27, 86 more units. Prepare the perpetual inventory record for the above transactions using FIFO. Cost of Goods Sold Total Units $ 13 Cost Total..

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