Skysong Inc. is a retailer operating in Centralia. Skysong uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory. (Assume that 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 Skysong Inc. for the month of January 2017 Date Unit Cost or Selling Price $15 16 Description Ending inventory Purchase Sale Purchase Dec. 31 Jan. 2 Jan. 6 Jan. 9 Jan. 10 Jan. 23 Jan. 30 31 Quantity 224 192 240 136 112 160 176 Sale 18 37 21 44 Purchase Sale (a) For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (1) FIFO. (2) FIFO.(3) Moving-average. (Round average cost per unit to 3 decimal places, e.g. 1.286 and final answers to O decimal places, e.g. 5,125.) LIFO FIFO Moving-average Cost of goods sold $ 8736 $ 10800 $ 8555 Ending inventory $ 2784 $ 3360 $ 3685 Gross profit $ 10592 $ 8528 $ 10773 e Textbook and Media Sava for Later Attempts. 1of3 used Sushmit Anewer