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Kingbird, Inc. is a retailer operating in Calgary, Alberta. Kingbird uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are

Kingbird, Inc. is a retailer operating in Calgary, Alberta. Kingbird 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 Kingbird for the month of January 2022.

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Kingbird, Inc. is a retailer operating in Calgary, Alberta, Kingbird 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 Kingbird for the month of January 2022. Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 155 $18 Jan. 2 Purchase Jan. 6 Sale Jan. 9 Purchase Jan. 10 Sale Jan. 23 Purchase Jan. 30 Sale 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, eg. 125.) (1) LIFO. (2) FIFO. (3) Moving-average. LIFO FIFO Moving-average Cost of goods sold $ ta ta Ending inventory th ta ta Gross profit ta ta

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