Sheffield Corp. is a retailer operating in Calgary, Alberta. Sheffield 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 Sheffield for the month of January 2022 Date Description Ending inventory Quantity Unit Cost or Selling Price 150 $19 Dec 31 Jan 2 Purchase 100 22 Jan 6 Sale 190 38 Jan. 9 23 Purchase 90 46 Jan. 10 Sale 50 24 Jan 23 Purchase 100 150 49 Sale Jan 30 Your Answer Correct Answer (Used) Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 $ 19 Jan. 2 $ 20.200 Jan. 6 $ 20.200 Jan. 9 $ A 21.880 Jan. 10 $ 21.880 Jan. 23 $ 22.940 Jan. 30 $ 22.940 Question Part Score For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (ii) gross proht. (Round answers to decimal places, eg. 125.) (1) LIFO. (2) FIFO (3) Moving average LIFO FIFO Moving-average Cost of goods sold $ 16870 $ $ 16870 $ 16870 Ending Inventory $ 8320 $ 8570 $ 10115 Gross pront 8550 $ 8300 $ 6855 e Textbook and Media