Question 6 of 7 - / 10 view. Pas Current Attempt in Progress Swifty Inc. is a retailer operating in British Columbia Swifty uses the perpetual inventory system. 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 Swifty ind for the month of January 2022 Date Description Quantity Unit Cost or Selling Price January 1 Beginning inventory 100 $17 January 5 Purchase 144 20 January B Sale 109 29 January 10 Sale retum 10 29 January 15 Purchase 55 212 January 16 Purchase retum 5 22 January 20 sale 95 January 25 Purchase 22 24 (21) Calculate the Moving-average cost per unit at January 15, 8, 10, 15, 16, 20.& 25. (Round answers to 3 decimal places, eg 51251) Moving-Average Cost per unit January 1 January 5 5 January 8 S January 10 S January 15 $ January 16 5 January 20 $ January 25 $ e Textbook and Media Attempts: 0 of 5 used Sube Answe pa GFrontina Question 6 of 7 10 View Policies Current Attempt in Progress Swifty Inc. is a retailer operating in British Columbia, Swifty uses the perpetual inventory system. All sales returns from customers result in the goods being retumed 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 Swifty Inc. for the month of January 2022 Date Description Quantity Unit Cost or Selling Price January 1 Beginning inventory 100 $17 January 5 Purchase 104 20 January 8 Sale 109 29 January 10 sele return 10 19 January 15 Purchase 22 January 16 Purchase return 22 January 20 Sale 95 53 January 25 Purchase 104 al a 2) For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory and gross profit 1LIFO. -21 FIFO. (3) Moving average cost. (Round average cost per unit to a decimal places eg 12 502 and final answer to O decimal places. eg. 1.250) LIFO FIFO Moving average Cost of goods sold S S 5 Ending inventory S $ Gross profit 5. $ e Textbook and Media Savo Late Attempts: 0 of 5 used Submit