Blue Spruce Limited stocks a variety of sports equipment for sale to institutions. The following stock record card for basketballs was taken from the records at the December 31, 2023 year end: Invoice Date Number Terms Units Received Unit Invoice Gross Invoice Cost Amount Jan. 1 balance Net 30 15 10624 Net 30 Mar. 15 11437 1/5, net 30 June 20 21332 1/10, net 30 Sept. 12 27644 1/10, net 30 Nov. 24 31269 1/10, net 30 Totals 368 R $ 3| $20 $1,520 20 1,000 16 800 15 1,050 12 768 58 11 638 $5,776 A physical inventory on December 31, 2023, reveals that 100 basketballs are in stock. The bookkeeper informs you that all the discounts were taken. Assume that Blue Spruce uses a periodic inventory system and records purchases at their invoice price less discounts. During 2023, the average sales price per basketball was $22.25. (a) Calculate the December 31, 2023 inventory using the FIFO formula. (Round answer to 2 decimal places, e.g. 52.75.) Ending inventory $ Save for Later Attempts: 0 of 1 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c1) The parts of this question must be completed in order. This part will be available when you complete the part above.