Dempsey Inc. is a retailer operating in British Columbia. Dempsey 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 Dempsey Inc. for the month of January 2017.

a) Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25.

b) 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.

tBeginning invenbory anuary 20 Sale Calculatethe Moving aveage cont per unit at nuary L3,8,10, 15, 16, 20,&25 (Round anewers to 3 decimal places, eg 5.25. anuary 10