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Question 3 View Policies Current Attempt in Progress Swifty Corporation is a retailer operating in Calgary, Alberta, Swifty uses the perpetual inventory method. Assume that
Question 3 View Policies Current Attempt in Progress Swifty Corporation is a retailer operating in Calgary, Alberta, Swifty uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Swifty for the month of January 2022. Date Description Quantity Unit Cost or Selling Price 162 Dec 31 Jan 2 Ending Inventory Purchase Jan. 6 Sale Jan 9 Purchase Jan 10 Jan 23 Sale Purchase Jan. 30 Sale Calculate average cast for each unit. (Round answers to 3 decimal places. c.g. 5.125.) $ Jan. 1 Jan 2 Jan. 6 $ $ Jan 23 Jan 30 $ eTextbook and Media List of Accounts For each of the following cost flow assumptions calculate (1) cost of goods sold, lii) ending inventory, and (iii) gross profit. (Round answers to decimal places, cg, 125.) (1) LIFO (2) FIFO (3) Maving average Moving average Cast of goods sold $ $ Ending inventory Gross pront
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