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Bramble Inc. is a retailer operating in British Columbia Bramble uses the perpetual inventory system: All sales returns from customers result in the goods being
Bramble Inc. is a retailer operating in British Columbia Bramble 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; all amounts are settled in cash. You are provided with the following information for Bramble Inc. for the month of January 2022. Date Description Quantity Unit Cost or Selling Price January 1 Beginning inventory: 100 $14 January 5 January Purchase 139 17 Sale 113 28 January 10 Sale return 10 28 January 15 Purchase 55 19 January 16 Purchase return S 19 January 20 Sale 06 32 January 25 Purchase 19 21 (a1) Your answer is partially correct Calculate the Moving average cost per unit at January 1.5, 9, 10, 15, 16, 20, 25. Round moving aver decimal places, ea 5.2513 Moving Average Cost per unit January 1 S 14 January 5 $ 18.744 January S 13.764 January 10 $ 13764 January 15 $ 16690 January 16 $ cost per unit answers to 3 70F 1 (8) decimal places, eg 5.251) Moving Average Cost per unit January 1 $ 14 January 5 15.744 January 8 $ 15.744 January 10 S 15.744 January 15 $ 16691 January 16 $ 16.429 January 20 $ 16.429 January 25 $ 17.224 eTextbook and Medla Save for Lasar Attempts: 1 of 5 used Submit Answer (a2) For each of the following cost flow assumptions, calculate cost of goods sold, anding inventory and gross profs (1) LIFO (2) FIFO (3) Moving average cost. (Round average cost per unit to 3 decimal places 12.502 and final answer to 0 decimal places a 1.2503 LIFO Cost of goods sold 3 Ending inventory $ Gross profit $ Tacebook and Medla $ FIFO Moving-average $ 7095
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