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Problem 6 8A (Part Level Submission) Wildhorse Co. is a retailer operating in Calgary, Alberta. Wildhorse Co. uses the perpetual invento following information for Wildhorse
Problem 6 8A (Part Level Submission) Wildhorse Co. is a retailer operating in Calgary, Alberta. Wildhorse Co. uses the perpetual invento following information for Wildhorse Co. for the month of Janua ry method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with Description Quantit Unit Cost or Selling Price Date Dec. 31 Ending inventory Jan. 2 Purchase Jan. 6 Sale Jan. 9 Purchase Jan. 10 Sale Jan. 23 Purchase lan. 30 Sale 148 24 184 52 130 (al) (a2) For each of the following cost flow assumptions, calculate (i) cost of goods sold, (u) ending inventory, and (ii) gross profit. (Round answers to O dcimal places, e.o, 12s) (1) LIFO. (2) FIFO (3) Moving-average. LIFO FIFO Moving average Cost of goods sold Ending inventory s Gross profit
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