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Carla Vista Inc. is a retailer operating in Calgary, Alberta. Carla Vista uses the perpetual inventory system. Assume that there are no credit transactions; all
Carla Vista Inc. is a retailer operating in Calgary, Alberta. Carla Vista uses the perpetual inventory system. Assume that there are no
credit transactions; all amounts are settled in cash. You are provided with the following information for Carla Vista for the month of
January
a
Question Part Score
a
Your answer is partially correct.
For each of the following cost flow assumptions, calculate i cost of goods sold, ii ending inventory, and iii gross profit. Round
answers to decimal places, eg
LIFO.
FIFO.
Movingaverage.
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