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Splish Brothers Inc. is a retailer operating in Calgary, Alberta. Splish Brothers Inc. usest there are no credit transactions; all amounts are settled in cash.

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Splish Brothers Inc. is a retailer operating in Calgary, Alberta. Splish Brothers Inc. usest there are no credit transactions; all amounts are settled in cash. You are provided with t Inc. for the month of January 2017 Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 163 $18 Jan. 2 Purchase 95 20 Jan. 6 Sale 164 42 Jan. 9 Purchase 70 22 Jan. 10 Sale 45 47 Jan. 23 Purchase 90 23 Jan. 30 Sale 117 50 Your answer is incorrect. Calculate average cost for each unit. (Round answers to 3 decimal places, e.g.5. Jan. 1 $ Jan. 2 $ Jan. 6 LA $ Jan. 9 $ Jan. 10 $ Jan. 23 $ Jan. 30 $ Your answer is incorrect For each of the following cost flow assumptions, calculate (1) cost of goods sold, (i) ending inventory, and (ii) 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 s

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