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Shamrock Inc. is a retailer operating in Centralia. Shamrock uses the perpetual inventory method. All sales returns from customers result in the goods being returned

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Shamrock Inc. is a retailer operating in Centralia. Shamrock uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory. (Assume that 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 Shamrock Inc. for the month of January 2017 Date Dec. 31 Unit Cost or Selling Price $14 15 Jan. 2 Jan. 6 28 Description Ending inventory Purchase Sale Purchase Sale Purchase Sale Quantity 168 144 180 102 84 120 132 18 32 Jan. 9 Jan. 10 Jan. 23 Jan. 30 21 37 (a) For each of the following cost flow assumptions, calculate (1) cost of goods sold. Cli) ending inventory, and (ii) gross profit. (1) FIFO. (2) FIFO.(3) Moving-average. (Round average cost per unit to 3 decimal places, e.g. 1.286 and final answers to o decimal places, e.g. 5,125.) LIFO FIFO Moving-average Cost of goods sold $ $ $ Ending inventory $ $ $ Gross profit $ $ $

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