Unit 10 accounting 1 WileyPLUS. Due 10/10 Kaplan university online

.ul Verizon '5' 1:31 PM 4 '6 >B 65% [ill 9 edugen.wileyplus.com SOURCES Ie ork w -7 9 -10 5 5. 5 :1 Study Problem 6-8A Dempsey Inc. is a retailer operating in British Columbia. Dempsey uses the perpetual inventory method. 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 Dempsey Inc. for the month of January 2017. Unit Cost or Date Description Quantity Selling Price January 1 Beginning inventory 100 $13 January 5 Purchase 144 16 January 8 Sale 111 24 January 10 Sale return 10 24 January 15 Purchase 55 18 January 16 Purchase return 5 18 January 20 Sale 93 30 January 25 Purchase 18 20 Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round answers to 3 decimal places, e.g. 5.251.) Moving-Average Cost per unit January 1 $ January 5 $ January 3 $ January 10 $ January 15 3; January 16 4; January 20 $ January 25 $ LINK TO TEXT 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, e.g. 12.502 and final answer to 0 decimal places, e.g. 1,250.) LIFO FIFO Movlng-average Cost of goods sold $ $ $ Ending inventory $ $ $ Gross profit $ $ $ LINK TO TEXT