Blossom company has the following inventory data:
nov. 1 inventory 35 units @ $7.10 each
8 purchase 142 units @ $7.60 each
17 purchase 71 units @ $7.45 each
25 purchase 106 units @ $7.80 each
a physical count of merchandise inventory on november 30 reveals that there are 118 units on hand. ending inventory (rounded) under fifo is

Ending inventory= $916.2

Explanation:

Giving the following information:

Nov. 1 Inventory: 35 units  $7.10 each

Nov. 8 Purchase: 142 units  $7.60 each

Nov. 17 Purchase: 71 units  $7.45 each

Nov. 25 Purchase: 106 units $7.80 each

Nov. 30 ending inventory: 118 units on hand. FIFO (first-in, first-out)

Ending inventory= 106*7.8+12*7.45= $916.2

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answer; rapid growth in buyer demand and high buyer switching cost;