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Sweet Acacia Industries is a retailer operating in Calgary, Alberta. Sweet Acacia Industries uses the perpetual inventory method. Assume that there are no credit transactions;

Sweet Acacia Industries is a retailer operating in Calgary, Alberta. Sweet Acacia Industries 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 Sweet Acacia Industries for the month of January 2017.

Date Description Quantity Unit Cost or Selling Price
Jan 1 End Inv 173 20
Jan 2 Purchase 103 22
Jan 6 Sale 177 43
Jan 9 Purchase 69 24
Jan 10 Sale 48 48
Jan 23 Purchase 102 25
Jan 30 Sale 125 51

For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (Round answers to 0 decimal places, e.g. 125.)

i. LIFO ii. FIFO iii. Moving Average

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