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Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 2 Jan.2 Jan. 6 Jan.9 Jan. 10 Jan.23 Jan.
Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 2 Jan.2 Jan. 6 Jan.9 Jan. 10 Jan.23 Jan. 30 $ 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. LIFO FIFO Moving-average Cost of goods sold $ t t Ending inventory " Gross profit " Coronado Industries is a retailer operating in Calgary, Alberta. Coronado 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 Coronado for the month of January 2022. Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 155 Jan. 2 Purchase Jan. 6 Sale Jan. 9 Purchase Jan. 10 Sale Jan. 23 Purchase Jan. 30 Sale
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