Question 5 Blue Spruce Distribution markets CDs of the performing artist Fishe. At the beginning of October, Blue Spruce had in beginning inventory 4,200 of Fishe's CDs with a unit cost of $7. During October, Blue Spruce made the following purchases of Fishe's CDs Oct. 3 5,250 @ $8 Oct. 19 6,300 @ $10 Oct. 9 7,350 @ $ Oct. 25 8,400 $11 During October, 22,890 units were sold. Blue Spruce uses a periodic inventory system (a (62) Your answer is incorrect. Try again. Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost) Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (Round answers to 0 decimal places eg 1250, Use weighted-average unit cost rounded to 2 decimal places for computations.) FIFO LIFO AVERAGE-COST 177240 The ending inventory 198240 The cost of goods sold Click if you would like to Show Work for this question: Open Show Work Attempts: 2 of 5 used