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Please complete a2 Oriole Inc. is a retailer operating in British Columbia. Oriole uses the perpetual inventory method. All sales returns from customers result in
Please complete a2
Oriole Inc. is a retailer operating in British Columbia. Oriole 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 Oriole Inc. for the month of January 2020 Date Quantity 100 143 112 January 1 January 5 January January 10 January 15 January 16 January 20 January 25 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase Unit Cost or Selling Price $15 18 28 28 20 20 10 55 5 20 22 (al) Your answer is correct. Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round answers to 3 decimal places, e.g. 5.251.) Moving-Average cost per unit January 1 15 January 5 16.765 $ January 8 16.765 $ January 10 16.765 S January 15 17.673 $ January 16 $ 17.612 January 20 17.612 January 25 18.343 Click if you would like to Show Work for this question: Open Show Work Attempts: 2 of 5 used (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. (Round average-cost per unit to 3 decimal places, e.g. 12.502 and final answer to o decimal places, e.g. 1,250.) LIFO FIFO Moving-average Cost of goods sold s s Ending inventory s s s Gross profit s Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Attempts: 0 of 5 usedStep by Step Solution
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