Waterway Inc. is a retailer operating in Centralia. Waterway uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory. (Assume that 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 Waterway Inc. for the month of January 2017 Unit Cost or Selling Price Date Description Quantity Dec. 31 Ending inventory 196 $17 Jan. 2 Purchase 168 18 Jan. 6 Sale 210 32 Jan. 9 Purchase 119 19 Jan. 10 Sale 98 36 Jan. 23 Purchase 140 22 Jan. 30 Sale 154 45 (a) For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (1) FIFO. (2) FIFO. (3) Moving-average. (Round average cost per unit to 3 decimal places, e.g. 1.286 and final answers to 0 decimal places, e.g. 5,125.) LIFO FIFO Moving-average Cost of goods sold $ $ $ $ $ Ending inventory $ $ $ Gross profit $ $ $ $