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

Current Attempt in Progress Splish Brothers Inc is a retailer operating in Calgary, Alberta. Splish Brothers 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 Splish Brothers for the month of January 2022. Quantity Unit Cost or Selling Price $19 21 Date Dec 31 Jan. 2 Jan. 6 Jan 9 Jan. 10 Jan. 23 Jan. 30 Description Ending inventory Purchase Sale Purchase Sale Purchase Sale 170 102 180 76 44 25 44 56 105 154 26 51 Your answer is partially correct. Calculate average cost for each unit. (Round answers to 3 decimal places, eg. 5.125.) Jan. 1 19 $ $ Jan. 2 19.75 Jan. 6 $ 19.75 Jan. 9 $ 22.125 Jan 10 22.125 $ $ Jan. 23 24 Jan 30 $ 24 e Textbook and Media List of Accounts Your answer is partially correct. For each of the following cost flow assumptions, calculate (1) cost of goods sold, (ii) ending inventory, and (1) gross profit. (Round answers to decimal places, eg. 125.) (1) 12 (3) LIFO. FIFO. Moving average. LIFO FIFO Moving-average $ 8180 $ 8805 8490 $ Cost of goods sold $ 1638 $ $ 1197 1512 Ending inventory A $ 10058 $ 9748 9433 Gross profit eTextbook and Media List of Accounts
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