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Calculate cost of goods sold, ending inventory, amd gross profit. LIFO. FIFO. Moving Average Cost ES Problem 6-08A al-a2 (Part Level Submission) Bramble Inc. is
Calculate cost of goods sold, ending inventory, amd gross profit. LIFO. FIFO. Moving Average Cost ES Problem 6-08A al-a2 (Part Level Submission) Bramble Inc. is a retailer operating in British Columbia. Bramble 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 Bramble Inc. for the month of January 2020. Unit Cost or Selling Price Date Quantity 100 $14 Description Beginning inventory Purchase Sale 139 113 28 dy 28 January 1 January 5 January 8 January 10 January 15 January January 20 January 25 10 55 19 16 Sale return Purchase Purchase return Sale Purchase un 5 19 86 32 19 21 a to your answer is correct. (a2) For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross 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 0 decimal places, e.g. 1,250.) LIFO FIFO Moving- average -69 $ Cost of goods sold $ $ $ $ $ Ending inventory -69 $ $ $ Gross profit $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
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