Sheridan Company is a retailer operating in Calgary, Alberta. Sheridan 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 Sheridan for the month of January 2022.

Sheridan Company is a retailer operating in Calgary, Alberta. Sheridan 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 Sheridan for the month of January 2022. Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 160 Jan.2 Purchase Jan. 6 Sale Jan. 9 Purchase Jan. 10 Sale Jan. 23 Purchase Jan. 30 Sale For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (Round answers to O decimal places, eg. 125.) (1) LIFO. (2) FIFO. (3) Moving-average. LIFO FIFO Moving-average 1 Cost of goods sold $ ta A A Ending inventory A ta Gross profit tA A ta