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Cullumber inc. is a retailer operating in Calgary. Alberta. Cullumber uses the perpetual inventory system. Assume that there are no credit transactions: all amounts are

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Cullumber inc. is a retailer operating in Calgary. Alberta. Cullumber 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 Cullumber for the month of January 2025. 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 ploces, eg. 125. (1) LIFO. (2) FIFO. (3) Moving-average

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