Ivanhoe Company is a retailer operating in Calgary, Alberta. Ivanhoe Company 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 Ivanhoe Company for the month of January 2017. Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 170 $22 Jan. 2 Purchase 100 24 Jan. 6 Sale 197 42 Jan. 9 Purchase 68 26 Jan. 10 Sale 47 47 Jan. 23 Purchase 100 27 Jan. 30 Sale 141 50 Partially correct answer. Your answer is partially correct. Try again. Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 $Entry field with correct answer Jan. 2 $Entry field with correct answer Jan. 6 $Entry field with correct answer Jan. 9 $Entry field with incorrect answer now contains modified data Jan. 10 $Entry field with incorrect answer Jan. 23 $Entry field with incorrect answer Jan. 30 $Entry field with incorrect answer SHOW LIST OF ACCOUNTS LINK TO TEXT Incorrect answer. Your answer is incorrect. Try again. 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 $Entry field with incorrect answer $Entry field with incorrect answer $Entry field with incorrect answer Ending inventory $Entry field with incorrect answer $Entry field with incorrect answer $Entry field with incorrect answer Gross profit