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For each of the following cost flow assumptions, calculate (1) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (Round per unit cost
For each of the following cost flow assumptions, calculate (1) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) (1) (2) (3) LIFO. FIFO. Moving-average. Cost of goods sold Ending inventory Gross profit $ SA $ LIFO $ $ FIFO $ SA $ Moving-average Bramble Corp. is a retailer operating in Calgary. Alberta. Bramble Corp. uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Bramble Corp. for the month of January 2022 Calculate average cost for eachunit (Round onswers to 3 decimal ploces, es 5.125 ) For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (iii) grbss profit. (Round per unit cost to 3 decimal ploces, eg. 15.647 and final answers to 0 decimal places, e.g. 5, 125.) (1) LFO (2) FIFO (3) Moving-average
For each of the following cost flow assumptions, calculate (1) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) (1) (2) (3) LIFO. FIFO. Moving-average. Cost of goods sold Ending inventory Gross profit $ SA $ LIFO $ $ FIFO $ SA $ Moving-average
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