Kevin Inc. is a retailer operating in Stive. Kevin 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 Kevin Inc. for the month of January 2014

Calculate the Moving-average cost per unit at January 1, 5, 8, 15, 20, & 25 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 answers to 0 decimal places, e.g. $2,150.)

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Unit Cost or Selling Price Date Description Beginning inventory Purchase Quantity $12 January January January January January January January January 200 5 280 220 15 25 25 17 Sale Sale return Purchase 10 20 110 10 15 Purchase return 16 17 27 19 Sale Purchase 20 180 40 25