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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

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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 Purchase Dec 31 Quantity Unit Cost or Selling Price 150 $19 Jan 2 100 22 Jan 6 Sale 190 38 Jan 9 Purchase 90 23 Jan 10 Sale SO 46 Jan 23 Purchase 100 24 Jan 30 Sale 150 49 For each of the following cost flow assumptions, calculate (1) cost of goods sold, (ii) ending inventory, and (iii) gross proht. (Round answers to decimal places, eg, 125) (1) LIFO (2) FIFO. (3) Moving-average LIFO FIFO Moving average Cost of goods sold $ $ Ending inventory $ $ $ $ Gross profit $ $ $

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