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anyone can help me solve this questions (p.6.8) thank you so much!!!! sl 001 P6.8 (LO 5) Tempo Ltd. is a retailer operating in Dartmouth,

anyone can help me solve this questions (p.6.8) thank you so much!!!! image text in transcribed
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sl 001 P6.8 (LO 5) Tempo Ltd. is a retailer operating in Dartmouth, Nova Scotia. Tempo uses the perpetu! inventory method. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash You are provided with the following information for Tempo Ltd. for the month of January 2020. Probles ni Date Description Ending inventory Purchase Unit Cost or Quantity December 31 Selling Price January 2 January 6 January 9 January 9 January 10 January 10 January 23 January 30 150 19 10 Sale Sale return 000 100 000150 00 10 0075 G 15 50 (000.0) 21 40 Purchase Purchase return d 40 24 Sale 24 ols 45 Purchase 100 26 Sale ni sd 160 50 Instructions For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inven- tory, and (iii) gross profit. a. (ii) Gross profit- FIFO b d bvilaal Average 1.FIFO 2.Moving-average cost. b.Compare results for the two cost flow assumptions. oinorntsibon P6.9 (LO 5) Dominican Appliance Mart began operations on May 1. It uses a perpetual inventory system. During May, the company had the following purchases and sales for its Model 25 Sureshot camera. Determine ending perpetual invento Purchases Sales Units Unit Cost Units Date NT$4,600

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