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You have the following information for Blue Spruce Corp.for the month ended October 31, 2022. Blue Spruce Corp. uses a periodic method for inventory. Date Units Unit Cost or Selling Price $26 54 28 128 104 33 Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale 108 64 29 38 31 38 75 103 (21) Your answer is correct. Calculate the weighted average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit $ 28.616 (a2) Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) LIFO FIFO AVERAGE-COST The ending inventory $ $ $ I The cost of goods sold $ $ $ Gross profit $ $ $ e Textbook and Media List of Accounts Save for Later Last saved 9 seconds ago. Attempts: unlimited Submit Answer Saved work will be auto-submitted on the due date. (a3) The parts of this question must be completed in order. This part will be available when you complete the part above. In its first month of operations, Sheffield Corp. made three purchases of merchandise in the following sequence: (1) 375 units at $5. (2) 550 units at $6, and (3) 420 units at $7. Assuming there are 305 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method, Sheffield uses a periodic inventory system. FIFO (a) Cost of the ending inventory LIFO (6) Cost of the ending inventory $ e Textbook and Media Save for Later Last saved 1 minute ago. Attempts: unlimited Submit Answer Saved work will be auto-submitted on the due date. In its first month of operations, Skysong, Inc. made three purchases of merchandise in the following sequence: (1) 120 units at $9. (2) 400 units at $10, and (3) 115 units at $11. (21) Your answer is incorrect. Calculate the weighted average unit cost. (Round answer to 3 decimal places. e.3. 15.225.) Weighted average unit cost $ eTextbook and Media Attempts: unlimited Submit Answer Save for Later Last saved 4 minutes ago. Saved work will be auto-submitted on the due date. (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. Cullumber Company uses a periodic inventory system. Its records show the following for the month of May, in which 68 units were sold. Unit Cost $8 11 May 1 15 24 Units 32 26 37 95 Inventory Purchases Purchases Total Cost $256 286 444 $986 12 Totals Compute the ending inventory at May 31 and cost of goods sold using the FIFO, LIFO, and average-cost methods. (Round per unit cost to 3 decimal places, e... 15.647 and final answers to O decimal places. e.g. 5,125.) FIFO LIFO Average-cost $ 324 $ 216 Ending inventory at May 31 $ $ 662 $ 770 Cost of goods sold $ Novak sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Novak's purchases of EZslide snowboards during September. During the same month, 104 EZslide snowboards were sold. Novak uses a periodic inventory system. Date Units 12 45 Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals Unit Cost $106 109 110 Total Cost $1,272 4,905 5,720 2.220 $14.117 52 20 129 111 Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average cost methods. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to O decimal places, e.3. 5.125.) FIFO LIFO Average-cost $ $ $ The ending inventory at September 30 Cost of goods sold $ $ $ Pharoah Company uses a periodic inventory system and reports the following for the month of June. Date Units 120 Unit Cost $5 June 1 12 23 30 Explanation Inventory Purchase Purchase Inventory Total Cost $ 600 1.980 1,400 330 200 6 7 204 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) FIFO LIFO Average-cost Cost of the ending inventory $ $ $ Cost of goods sold e Textbook and Media Save for Later Attempts: unlimited Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Swifty Hardware reported cost of goods sold as follows. Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost of goods sold 2021 $ 21,500 153,000 174,500 31,000 $143,500 2022 $ 31,000 203.500 234,500 35,000 $199,500 Swifty made two errors: (1) 2021 ending inventory was overstated by $3,600, and (2) 2022 ending inventory was understated by $6,550. Compute the correct cost of goods sold for each year. 2021 2022 Cost of goods sold $ 147.100 $