Lily Inc. is a retailer operating in British Columbia. Lily uses the perpetual inventory system. 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 Lily Inc. for the month of January 2022 Date Description Beginning inventory Quantity Unit Cost or Selling Price January 1 100 $12 January 5 Purchase 135 15 January Sale 110 23 January 10 Sale return 10 23 January 15 Purchase 55 17 January 16 Purchase return 5 17 January 20 Sale 85 28 January 25 Purchase 17 19 Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20,& 25. (Round intermediate calculations to o decimal places and final answers to 3 decimal places, e.g. 5.251.) Moving Average Cost per unit January 1 $ 12 January 5 $ 13.723 January 8 $ 13.723 January 10 $ 1323 January 15 $ 14672 January 16 $ 14.672 $ 14672 January 20 15.058 January 25 e Textbook and Media Your answer is partially correct. For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit (1) LIFO.(2)FIFO. (3) Moving average cost. (Round average-cost per unit to 3 decimal places, c.8. 12.502 and final answer to O decimal places, e.g. 1,250.) LIFO FIFO Moving-average Cost of goods sold $ 2875 $ 2473 $ 2615 Ending inventory $ 1523 $ 1923 $ 1764 Gross profit 13 $ 1355 1215 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit