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Carla Inc. is a retailer operating in Centralia. Carla uses the perpetual inventory method. All sales returns from customers result in the goods being returned

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Carla Inc. is a retailer operating in Centralia. Carla uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory. (Assume that 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 Carla Inc. for the month of January 2017 Date Quantity Unit Cost or Selling Price Description Ending inventory Dec. 31 196 $18 Jan. 2 Purchase 168 19 Jan. 6 Sale 210 29 Jan. 9 Purchase 119 22 Jan 10 Sale 98 35 Jan. 23 Purchase 140 25 Jan. 30 Sale 154 41 (a) For each of the following cost flow assumptions, calculate (1) cost of goods sold. (i) ending inventory, and (ii) gross profit. (1) FIFO. (2) FIFO. (3) Moving average. (Round average cost per unit to 3 decimal places, eg. 1.286 and final answers to decimal places, eg. 5,125.) LIFO FIFO Moving average Cost of goods sold VA $ $ Ending inventory $ $ $ Gross profit $ $ $

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