View Policies Show Attempt History Current Attempt in Progress Swifty Inc. is a retailer operating in British Columbia, Swifty 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 Swifty Inc. for the month of January 2020. Date Unit Cost or Selling Price $13 16 Quantity 100 149 1 5 8 January January January January January January January January 10 15 16 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase 114 10 55 25 25 18 5 20 95 18 18 29 20 25 (a 1) 11 A 4 hapter 6 Homework Question 3 of 3 0.5/4 Your answer is partially correct. Calculate the Moving-average cost per unit at January 1,5,8,10, 15, 16, 20, & 25. (Round answers to 3 decimal places, eg. 5.251.) Moving-Average Cost per unit January 1 $ 13 January 5 $ 14.795 January 8 $ January 10 $ January 15 $ January 16 $ January 20 $ January 25 $ e Textbook and Media Save for Later Attempts: 2 of 3 used Submit Answer 15% score reduction after attempt 2 (22) 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, c.g. 1,250.) LIFO FIFO Moving-average Cost of goods sold $ $ $ Ending inventory $ $ $ Gross profit $ $ $ eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Using multiple attempts will impact your score. 15% score reduction after attempt 2