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I need help on finding everything from a2 Attempts: 1 of 2 used (a2) For each of the following cost flow assumptions, calculate (i) cost
I need help on finding everything from a2
Attempts: 1 of 2 used (a2) 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 places, e.g. 125.) (1) LIFO. (2) FIFO. (3) Moving-average. LIFO FIFO Moving-average Cost of goods sold $ $ Ending inventory $ $ $ Gross profit $ $ Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT Screenshot saved The screenshot was added to your OneDrive. Attempts: OneDrive Problem 6-08A al-a2 (Part Level Submission) Waterway Industries is a retailer operating in Calgary, Alberta. Waterway 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 Waterway for the month of January 2022. Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 150 $22 Jan. 2 Purchase 100 23 Jan. 6 Sale 180 41 Jan. 9 Purchase 24 Jan. 10 Sale 50 42 Jan. 23 Purchase 90 25 Jan. 30 Sale 130 46 70 (al) Your answer is correct. Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 22 $ Jan. 2 22.4 $ Jan. 6 22.4 $1 Jan. 9 23.2 $ Jan. 10 23.2 $ Jan. 23 24.1 $ Jan. 30 24.1 Click if you would like to show Work for this question: Open Show WorkStep by Step Solution
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