Question: Current Attempt in Progress Metlock, Inc. is a retailer operating in Calgary, Alberta, Metlock uses the perpetual inventory method. Assume that there are no credit

 Current Attempt in Progress Metlock, Inc. is a retailer operating in
Calgary, Alberta, Metlock uses the perpetual inventory method. Assume that there are

Current Attempt in Progress Metlock, Inc. is a retailer operating in Calgary, Alberta, Metlock 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 Metlock for the month of January 2022 Quantity 160 96 180 Unit Cost or Selling Price $20 22 39 Date Dec. 31 Jan. 2 Jan. 6 Jan. 9 Jan. 10 Jan. 23 Jan. 30 Description Ending inventory Purchase Sale Purchase Sale Purchase Sale 76 56 24 45 25 48 114 140 Your answer is partially correct. Calculate average cost for each unit. (Round answers to 3 decimal places, eg. 5.125.) Hd4c0655-8136-49ca-8850-5954055788d1a/question/2 Question 3 of 3 > 2.07/3 II! Your answer is partially correct. For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (Round answers to decimal places, eg. 125.) (1) (2) (3) LIFO. FIFO. Moving-average. LIFO FIFO Moving-average Cost of goods sold $ 8466 s 8236 8320 Ending inventory $ 1520 1750 S 1666 Gross profit $ 7794 $ 8024 $ 7940 e Textbook and Media List of Accounts

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