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Bonita Industries is a retailer operating in Calgary, Alberta. Bonita Industries uses the perpetual inventory method. Assume that there are no credit transactions; all amounts

Bonita Industries is a retailer operating in Calgary, Alberta. Bonita Industries 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 Bonita Industries for the month of January 2017.

For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (Round answers to 0 decimal places, e.g. 125.)

(1) LIFO.
(2) FIFO.
(3) Moving-average.

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Bonita Industries is aretailer operating in Calgary, Alberta. Bonita Industries uses the perpetual inventory method. Assume that there are no credit transactions; al amounts are settled in cash. You are provided with the following information for Bonita Industries for the month of January 2017 Date Dec. 31 Ending inventory Jan. 2 Purchase Jan. 6Sale Jan.9 Purchase Jan. 10 Sale Jan. 23 se Jan. 30 Sale Quantity 162 109 Description Unit Cost or Selling Price 74 51 102 126 $21 23 38 25 43 26 46 For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (ii) gross profit. (Round answers to O decimal places, eg. 125.) (1) LIFO. (2) FIFO (3) Moving-average. LIFO FIFO Moving-average Cost of goods sold Ending inventory$ Gross proft

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