Pharoah Company is a retailer operating in Calgary, Alberta. Pharoah 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 Pharoah Company for the month of January 2017.

Date		Description		Quantity		Unit Cost or Selling Price
Dec. 31		Ending inventory		148		$18
Jan. 2		Purchase		104		20
Jan. 6		Sale		162		37
Jan. 9		Purchase		68		22
Jan. 10		Sale		50		42
Jan. 23		Purchase		97		23
Jan. 30		Sale		122		45

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Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.)

Jan. 1		$
Jan. 2		$
Jan. 6		$
Jan. 9		$
Jan. 10		$
Jan. 23		$
Jan. 30		$

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		$		$		$
Ending inventory		$		$		$
Gross profit		$		$		$