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Mercer Inc. is a retailer operating in British Columbia. Mercer uses the perpetual inventory method. All sales returns from customers result in the goods being

Mercer Inc. is a retailer operating in British Columbia. Mercer 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 Mercer Inc. for the month of January 2015.

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My teacher has it where I can't see part a2 and b until I do these but when I searched the question these are the parts I found. I will post part b in the comments one I get help with part a and a2.

part a2 ) 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.

with the following Information for Mercer Inc. Tor the month of January 2015 Date Description Quantity Unit Cost or Selling Price January 1 Beginning 220 $17 January 5 January 8 January 10 January 15 January 16 January 20 January 25 inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase 308 242 22 121 11 198 44 (a1) Calculate the Moving-average cost per unit at January 1, 5, 8, 15, 20, & 25. (Round answers to 3 decimal places, e.g. $5.251.) Moving-Average Cost per unit January 1 January 5 January 8 January 10 January 15 January 16 January 20 January 25 LINK TO TEXT

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