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Skyseng, Inc. is a retailer operating in Calgary, Alberta. Skysong uses the perpetual inventory method. Assume that there are no credit transactions, all amounts are
Skyseng, Inc. is a retailer operating in Calgary, Alberta. Skysong uses the perpetual inventory method. Assume that there are no credit transactions, all amounts are settled incat You are provided with the following information for Skysong for the month of January 2022. Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory jan. 2 Purchase Jan. 6 Sale Jan. 9 Purchase Jan. 10 Sale Jan. 23 Purchase Jan. 30 Sale 150 your answer is partially correct. Try again. Calculate average cost for each unit. (Round answers to Sen. ** 20 Your answer is partially correct. Try again. Calculate average cost for each unit. (Round answers Jan. 1 20 Jan. 6 Jan. 9 26 28 Jan. 30 4 4 Your answer is incorrect. Try again For each of the following cost flow assumptions, calculate (1) cost of goods sold, () ending inventory, and (w) gross profit. (Round answers to decimal places, e.g. 125.) (1) UFO. (2) FIFO (3) Moving average. Moving-average Cost of goods sold Ending inventory Gross profit
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