Question: Blue Spruce Corp. uses a periodic inventory system and reports the following for the month of June. Unit Cost Date Units 120 June 1 $5

 Blue Spruce Corp. uses a periodic inventory system and reports the

Blue Spruce Corp. uses a periodic inventory system and reports the following for the month of June. Unit Cost Date Units 120 June 1 $5 Explanation Inventory Purchase Purchase Inventory Total Cost $ 600 2,400 1,260 400 12 23 6 180 7 30 184 (a) Your answer is incorrect. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and 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.) FIFO LIFO Average-cost Cost of the ending inventory $ $ $ Cost of goods sold $ $ $

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