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You have the following information for Blue Spruce Corp. for the month ended October 31, 2022. Blue Spruce uses a periodic method for inventory.
You have the following information for Blue Spruce Corp. for the month ended October 31, 2022. Blue Spruce uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 50 $22 Oct. 9 Purchase 125 Oct. 11 Sale 90 Oct. 17 Purchase 90 Oct. 22 Sale 50 Oct. 25 Purchase 60 Oct. 29 Sale 100 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 The ending inventory $ The cost of goods sold $ Gross profit FIFO $ $ AVERAGE-COST $ $ $ $ $
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