$($a$2)$

For each of the following cost flow assumptions, calculate $($i$)$ cost of goods sold, $($ii$)$ ending inventory, and $($iii$)$ gross profit. $($Round per unit cost to $3$ decimal places, e$.$g$.15\mathrm{.}647$ and final answers to $0$ decimal places, e$.$g$.5,125.)$

$(1)$ LIFO.

$(2)$ FIFO.

$(3)$ Moving$-$average.

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Question $7$ of $7$

Tamarisk, Inc. is a retailer operating in Calgary, Alberta. Tamarisk, Inc. 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 Tamarisk, Inc. for the month of January $2022.$

$\backslash$table$[[$Date$,$Description,Quantity,Unit Cos,Price$],[$Dec$.31,$Ending inventory,$174,,$$$20$

Find the LIFO FIFO and moving average of the cost of goods sold, ending iventory and gross profit

Tamarisk, Inc. is a retailer operating in Calgary, Alberta. Tamarisk, Inc. 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 Tamarisk, Inc. for the month of January $2022.$

$\backslash$table$[[$Date$,$Description,Quantity,Unit Cost or Selling Price$],[$Dec$.31,$Ending inventory,$174,$$$20$