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Problem 6-5A (Part Level Submission) You have the following information for Blue Spruce Corp. for the month ended October 31, 2017. Blue Spruce Corp. uses
Problem 6-5A (Part Level Submission) You have the following information for Blue Spruce Corp. for the month ended October 31, 2017. Blue Spruce Corp. uses a periodic method for inventory. Date Oct. 1 Units 54 Unit Cost or Selling Price $26 28 Oct. 9 128 Oct. 11 104 33 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Oct. 17 108 29 Oct. 22 38 64 75 Oct. 25 31 Oct. 29 103 38 (al) (a2) x Your answer is incorrect. Try again. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO (2) FIFO. (3) Average-cost. (Round answers to o decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory 2076 1X LLLLLLLLLLL X The cost of goods sold 8565 Gross profit 1213 Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, e-g. 51.2%) LIFO FIFO AVERAGE-COST Gross profit rate % % eTextbook and Media List of Accounts
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