Question

Blossom Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Blossom Company’s purchases of EZslide snowboards during September. During the same month, 102 EZslide snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 11 $91 $1,001 Sept. 12 Purchases 47 94 4,418 Sept. 19 Purchases 47 95 4,465 Sept. 26 Purchases 20 96 1,920 Totals 125 $11,804 Additional data regarding the company’s sales of EZslide snowboards are provided below. Assume that Blossom Company uses a perpetual inventory system. Date Units Sept. 5 Sale 8 Sept. 16 Sale 49 Sept. 29 Sale 45 Totals 102

Answer 1

Schedule :

Date	Quantity	cost per unit	Total cost	Quantity	cost per unit	Total cost	Quantity	cost per unit	Total cost
Sep 1							11	91	1001
Sep 5				8	91	728	3	91	273
Sep 12	47	94	4418				3 47	91 94	273 4418
Sep 16				3 46	91 94	273 4324	1	94	94
Sep 19	47	95	4465				1 47	94 95	94 4465
Sep 26	20	96	1920				1 47 20	94 95 96	94 4465 1920
Sep 29				1 44	94 95	94 4180	3 20	95 96	285 1920
Total						8871			2205