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Problem 6-08A a1-a2 (Part Level Submission) Swifty Inc. is a retailer operating in British Columbia Swifty uses the perpetual inventory method. All sales returns from

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Problem 6-08A a1-a2 (Part Level Submission) Swifty Inc. is a retailer operating in British Columbia Swifty uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory: t are provided with the following information for Swifty Inc. for the month of January 2020. Unit Cost or Date Description Quantity Selling Price January 1 Beginning inventory 100 $17 January 5 Purchase 144 20 January 8 Sale 109 29 January 10 Sale return 10 29 January 15 Purchase 55 22 January 16 Purchase return 5 22 January 20 Sale 95 33 January 25 Purchase 22 24 tv (1) 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.. 5.251.) Moving Average Cost per unit January 1 17 January 5 18.77 January 8 18.77 January 10 18.77 19.659 January 15 January 16 19.599 January 20 19.599 January 25 20.392 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER CALCULATOR Sales returns from customers result in the goods being returned to inventory: the inventory is not damaged. Assume that there are no credit transactions will amounts are settled in cash. You rs to 3 decimal places, e.g. 5.251.) January 8 18.77 January 10 18.77 January 15 19.659 January 16 19.599 January 20 19.599 January 25 20.392 Click if you would like to show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT (a2) For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit. (1) uro. (2) FIFO. (3) Moving-average cost. (Roun LIFO FIFO Moving average Cost of goods sold $ $ Ending inventory $ $ Gross profit $ $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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