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Tamarisk, Inc. is a retailer operating in Calgary, Alberta. Tamarisk, Inc. uses the perpetual inventory method. Assume that there are no credit transactions; all amounts

Tamarisk, Inc. is a retailer operating in Calgary, Alberta. Tamarisk, Inc. 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 Tamarisk, Inc. for the month of January 2017.

date description quantity unit cost or selling price
Dec 31 ending inventory 174 20
Jan 2 purchase 98 22
Jan 6 sale 197 40
Jan 9 purchase 68 24
Jan 10 sale 50 45
Jan 23 purchase 108 25
Jan 30 sale 135 48

for each of the cost flow assumptions (FIFO, LIFO, and Moving average) calculate cost of goods sold, ending inventory, and gross profit

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