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Swifty Inc. is a retailer operating in British Columbia, Swifty uses the perpetual inventory system. All sales returns from customers result in the goods being

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Swifty Inc. is a retailer operating in British Columbia, Swifty 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 Swifty Inc. for the month of January 2022 Date Description Beginning inventory Quantity Unit Cost or Selling Price 100 $17 January 1 January 5 Purchase 144 20 January 8 Sale 109 29 January 10 Sale return 10 29 January 15 Purchase 55 22 January 16 Purchase return 5 22 January 20 Sale 95 33 January 25 Purchase 22 24 (21) X Your answer is incorrect. Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20 & 25. (Round intermediate calculations to decimal places and final answers to 3 decimal places, es. 5.251.) Moving Average Cost per unit January 1 $ 70 January 5 $ 40.49 Calculate the Moving-average cost per unit at January 1,5,8, 10, 15, 16, 20, & 25. (Round intermediate calculations to O decimal places and final answers to 3 decimal places, e.g. 5.251.) Moving Average Cost per unit January 1 $ 70 January 5 $ 40.49 January 8 $ 40.49 January 10 $ 40.49 January 15 $ 35.405 January 16 $ 35.748 January 20 $ 35.748 January 25 $ 33.623 eTextbook and Media Save for Later Attempts: 1 of 5 used Submit Answer 2) 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, eg. 12.502 and final answer to O decimal places, eg. 1,250.) LIFO FIFO Moving average $ 3980 $ 8880 $ Cost of goods sold 7405 $ 7528 $ 2628 $ Ending inventory 4102 2026 $ Gross profit 2874 1099 e Textbook and Media Save for Later Attempts: 1 of 5 used Submit

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