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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.

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

Description

Units

Unit Cost or Selling Price

Oct. 1

Beginning inventory54$26Oct. 9

Purchase12828Oct. 11

Sale10433Oct. 17

Purchase10829Oct. 22

Sale6438Oct. 25

Purchase7531Oct. 29

Sale10338

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 0 decimal place, e.g. 125.)

LIFO FIFO AVERAGE-COST

The ending inventory

The cost of goods sold

Gross profit

Gross profit rate

% a gross profit rate in percentages

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