Show Attempt History Current Attempt in Progress Sheridan Inc. is a retailer operating in British Columbia. Sheridan 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 Sheridan Inc. for the month of January 2022. Date Description Quantity Unit Cost or Selling Price January 1 Beginning inventory 100 $17 20 January 5 Purchase 147 January 8 Sale 114 30 January 10 Sale return 10 30 January 15 Purchase 55 22 January 16 Purchase return 5 22 January 20 Sale 93 34 January 25 Purchase 22 24 (a1) Your answer is incorrect. Calculate the Moving average cost per unit at January 1,5,8, 10, 15, 16, 20, & 25. (Round moving-average cost per unit answers to 3 decimal places, eg. 5.251.) Moving-Average Cost per unit January 1 $ 1700 January 5 $ 2940 January 8 $ 2489.46 January 10 $ 2686.46 January 15 3896.32 080000 January 16 $ 3786.32 January 20 $ 1961.82 January 25 $ 2489.82 e Textbook and Media Save for later Last saved 6 minutes ago. Attempts: 1 of 5 used Submit Answer (a2) - Your answer is partially correct. For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit.(1) LIFO. (2) FIFO. (3) Moving-average cost. (Round average-cost per unit to 3 decimal places, e.g. 12.502 and final answer to O decimal places, e.g. 1,250.) LIFO FIFO Moving-average Cost of goods sold $ 4120 $ 3640 $ 3778 Ending inventory $ 2228 $ 2628 $ 2490 Gross profit 2162 $ 2642 $ 2504 e Textbook and Media Save for Later Attempts: 1 of 5 used Submit