Problem 6-8a

8:23 PM 17% Problem 6-8A Dempsey Inc. is a retailer operating in British Columbia. Dempsey 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 Dempsey Inc. for the month of January 2017 Unit Cost or Selling Price Description Date January 1 Beginning inventory January 5 Purchase January 8 Sale January 10 Sale return January 15 Purchase January 16 Purchase return January 20 Sale January 25 Purchase Quantity 100 139 114 10 $21 24 32 32 26 26 36 28 85 26 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 January 5 anuary 8 January 10 8:23 PM 17% January 16 Purchase return January 20 Sale January 25 Purchase 26 36 28 85 26 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 January 5 January 8 January 10 January 15 January 16 January 20 January 25 8:23 PM January 15S January 16 January 20 January 25 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 decimai places, e.g. 1,250.) LIFO FIFO Moving-average Cost of goods sold Ending inventory Gross profit s Question Attempts: 0 of 3 used SAVE FOR LATER