Blossom Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.

Concord Inc. is a retailer operating in British Columbia. Concord uses the perpetual 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 Concord Inc. for the month of January 2020. Unit Cost or Selling Price Date Quantity 100 1 $14 142 17 Description Beginning inventory Purchase Sale Sale return Purchase 111 29 10 January January 5 January 8 January 10 January 15 January 16 January 20 January 25 29 55 19 Purchase return 5 19 91 33 Sale Purchase 19 21 Calculate the Moving average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round answers to 3 decimal places, e.g. 5.251.) Moving-Average Cost per unit January 1 14 January 5 January 8 January 10 January 15 TOOOOOO January 16 January 20 January 25 Your swer is partidly correct. Try again. For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and grass profit (1) LIFO. (2) FIFO. (3) Moving average cost. (Round average-cost per unit to 3 decimal places, e.g. 12.502 and final answer to o decimal places, e.g. 1,250.) LIFO FIFO Mowing average Cost of goods sold 3500 17329.50 12524 Ending inventory 16920 3090 7800.50 Gross profit 20401 -11789.50 -5984