You have the following information for Blue Spruce Inc. 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		61		$22
Oct. 9		Purchase		128		24
Oct. 11		Sale		92		38
Oct. 17		Purchase		94		25
Oct. 22		Sale		60		43
Oct. 25		Purchase		68		27
Oct. 29		Sale		118		43

(a1)

Correct answer icon

Your answer is correct.

Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.)

Weighted-average cost per unit

$enter a dollar amount of the Weighted-average cost per unit rounded to 3 decimal places

eTextbook and Media

Assistance Used

List of Accounts

Attempts: unlimited

(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		$enter the ending inventory amount as per LIFO in dollars		$enter the ending inventory amount as per FIFO in dollars		$enter the ending inventory amount as per Average-cost in dollars
The cost of goods sold		$enter the cost of goods sold amount as per LIFO in dollars		$enter the cost of goods sold amount as per FIFO in dollars		$enter the cost of goods sold amount as per Average-cost in dollars
Gross profit		$enter the gross profit amount as per LIFO in dollars		$enter the gross profit amount as per FIFO in dollars		$enter the gross profit amount as per Average-cost in dollars