Question: Please help. Also I submitted this problem and when someone answered the chart cut off and could not see the full explanation and answer. If

Blue Spruce Corp. is a retailer operating in Calgary, Alberta. Blue Spruce Corp. uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Blue Spruce Corp. for the month of January 2017 Date Quantity Description Ending inventory Unit Cost or Selling Price Dec. 31 149 $20 Jan 2 Purchase 96 22 Jan. 6 Sale 175 39 Jan. 9 Purchase 72 24 Jan 10 Sale 49 44 Jan. 23 Purchase 99 25 Jan 30 Sale 142 47 For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (ii) gross profit. (Round answers to 0 decimal places, e.g. 125.) (1) LIFO. (2) FIFO (3) Moving-average LIFO FIFO Moving average Cost of goods sold 8295 $ Ending inventory $ 1000 $ Gross profit 7360 $
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