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Bonita Inc. is a retailer operating in British Columbia. Bonita uses the perpetual inventory system. All sales returns from customers result in the goods being

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Bonita Inc. is a retailer operating in British Columbia. Bonita uses the perpetual inventory system. 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 amounts are settled in cash. You are provided with the following information for Benita Inc. for the month of January 2022. Unit Cost or Selling Quantity Price Date January Janssary Description Beginning inventory 1 100 $12 5 Purchase 141 15 January 8 Sale 110 25 January 10 Sale return 10 25 January 15 Purchase 55 12 January 16 17 Purchase return 5 20 January Sale 91 31 January 25 Purchase 19 17 Type here to search hp For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gros profit. (1) LIFO (2) FIFO (3) Moving average cost. (Round average cost per unit to 3 decimal places, es 12.502 and final answer to decimal places, es 1.250.) LIFO FIFO Moving-average Cost of goods sold $ s Ending inventory $ $ $ $ Gross profit eTextbook and Media Attempts:0 of 5 used Submit Answer Save for Later C 0 $ Type here to search ORI op

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