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Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is av

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Answer #1

Ending inventory = Total units available for sales - Units sold

= 1000-550 = 450 unts

Ending inventory = 260*43+(450-260)*40 = $18,780

Cost of goods sold = Total costs - Ending inventory

= $38,680 - $18,780

= $19,900

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