Problem 6-08A al-a2 (Part Level Submission) Sheffield Inc. is a retailer operating in British Columbia. Sheffield 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 Sheffield Inc. for the month of January 2020. Date 1 Unit Cost or Selling Price $19 22 Quantity 100 140 Description Beginning inventory Purchase Sale Sale return Purchase 5 8 113 30 10 10 January January January January January January January January 30 15 55 24 16 5 24 Purchase return Sale 20 87 36 25 Purchase 24 26 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 19 January 5 20.75 January 8 20.75 January 10 20.75 > January 15 21.68 January 16 21.619 January 20 21.619 January 25 22.468 Click if you would like to Show Work for this question: Open Show Work (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 0 decimal places, e.g. 1,250.) 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