Indigo Ltd. is a retailer operating in Dartmouth, Nova Scotia. Indigo 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 Indigo Ltd. for the month of January 2017.

Problem 6-8A Indigo Ind. is a retailer operating in Dartmouth, Nova Scotia. Indigo uses the perpetualanventory 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 Indigo Ltd, for the month of January 2017 Date Quantity Unit Cost or Selling Price 270 FIS December 31 January 2 January 6 January 9 January 9 January 10 January 10 January 23 January 30 Description Ending inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase Sale 180 270 16 135 27 90 180 288 17 36 36 20 20 41 22 46 For each of the following cost flow assumptions, calculate (1) cost of goods sold, (ii) ending inventory, and (1) gross profit. (1) FIFO. (2) Moving average cost. (Round average unit cost to 3 decimal places, e.g. 25.167 and final answers to 0 decimal places, e.g. 2,150.) FI Moving average Cost of goods sold Ending inventory Gross profil E