need help with this badly i just cant figure it out,mark in red for incorrect . i have given all information needed. i need adjusted values for the ones marked incorrect, fifo ending inventoru, and moving average for cost of goofs sold

this is the work

Sales under each of the three cash flow assumptions:

January 8 : 109 units @ $29 each = 3,161

January 10: Sales return (10 units * 29) = (290)

January 20: 95 units @ 33 each = 3,135

Therefore, Total sales = $ 3,161 - 290 - 3,135 = $ 6,005

LIFO

Method:

Total sales (as above) = $ 6,005

Cost of goods sold:

January 8: Sales (109 units * $20) = 2,180

January 10: Sales return (10 units * 20) = (200)

January 20: Sales: 95 units : 50 units * $22 + 45 units * 20 =

2,000

Cost of goods sold = 2,180 - 200 + 2,000 = $3,980

Gross Profit = 6,005 - 3,980 = $2,025

Ending Inventory:

Balance Number of units = 100 + 144 - 109 + 10 +55 - 5 -95 + 22

= 122 units

January 1: 100 units @ 17 = 1,700

January 25: 22 units @24= 528

Therefore, Ending Inventory under LIFO = 1700+528 = $

2,228

FIFO

Method:

Total sales (as above) = $ 6,005

Cost of goods sold:

January 8: Sales: 109 units: 100 units @ 17 + 9 units * $20 =

1,880

January 10: Sales return (10 units * 20) = (200)

January 20: Sales: 95 units : 95 units * $20 = 1,900

Cost of goods sold = 1,880 - 200 + 1,900 = $3,580

Gross Profit = 6,005 - 3,580 = $2,425

Ending Inventory:

January 1: 45 units @ 20 = 900

January 15: 55 units @ 22 = 1,210

January 25: 22 units @24= 528

Therefore, Ending Inventory under FIFO = 900 + 1,210+528 = $

2,638

Moving

Average Cost:

Total sales (as above) = $ 6,005

Cost of goods sold: (see

requirement 1 for moving average cost)

January 8: Sales: 109 units: 109 units * $18.770 = 2,046

January 10: Sales return (10 units * 20) = (200)

January 20: Sales: 95 units : 95 units * $19.599 = 1,862

Cost of goods sold = 2,046 - 200 + 1,862 = $3,708

Gross Profit = 6,005 - 3,708 = $2,297

Ending Inventory:

Ending Inventory under Moving average = 122 units * $ 20.393 = $2,488

Moving average cost = 22 units * 24 + 100 * 19.599 = 528+1960 =

2488/122 units = $ 20.393

Summary:

1.Cost

of goods sold:

$LIFO : $3,980

$FIFO: $3,580

$Moving average: $3,708

2.Ending inventory

$LIFO : $ 2,228

$FIFO: $ 2,638

$moving average: $2,488

3.Gross profit

$LIFO : $2,025

$FIFO: $2,425

$Moving average: $2,297

h Hulu | Home x a Amazon.com: Prime Video: Prime X @ Unit 10 Lab Assignment - AC114 x [ WileyPLUS * *Search Results | Course Hero * *Homework Help - Q& A from On x + X A https://edugen.wileyplus.com/edugen/Iti/main.uni 0 0 ABP . . . WileyPLUS Weygandt, Accounting Principles, 13e Help | System Announcements CALCULATOR PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES January 10 18.770 Unit 10 Lab Assignment 114 Brief Exercise 6-08 January 15 19.659 Brief Exercise 6-10 a-c (Part Level Submission) January 16 19.599 Brief Exercise 6-11 Exercise 6-12 Exercise 6-13 January 20 19.599 Problem 6-08A a1-a2 Part Level Submissio Problem 6-09A a1-82, b January 25 20.392 (Part Level Submission) Click if you would like to Show Work for this question: Open Show Work Review Score Review Results by Study Objective SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 3 of 5 used (a2) Your answer is partially correct. Try again. 1,250.) 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, e.g. 12.502 and final answer to 0 decimal places, e.g. LIFO FIFO Moving-average Cost of goods sold 3980 3580 3708 Ending inventory 2228 2638 2488 Gross profit 2025 2425 2297 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Attempts: 3 of 5 used SAVE FOR LATER SUBMIT ANSWER Type here to search O NABOOW 4:37 PM 10/28/2020