Chubby Inc is a retailer operating in thetown. Chubby uses the perpetual inventory method. All ales return from the customer result in the goods being returned to inventory, the inventory is not damage. Assume that there are no credit transactions, all amounts are settled in cash. You are provided with the following information for Chubby Inc. for the month of January 2019. Date Description Quantity Unit cost or selling price January 1 Beginning inventory $15 January 5 Purchase January 8 Sale January 10 Sales return January 15 Purchase January 16 Purchase return January 20 Sale January 25 Purchase 14 Required: (a) For each the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory and (iii) gross profit. (1) LIFO (2) FIFO (3) Moving Average cost