Question: Current Attempt in Progress Swifty Inc. is a retailer operating in British Columbia Swifty uses the perpetual inventory system. All sales returns from customers result

 Current Attempt in Progress Swifty Inc. is a retailer operating in
British Columbia Swifty uses the perpetual inventory system. All sales returns from
customers result in the goods being returned to Inventory: the inventory is

Current Attempt in Progress Swifty Inc. is a retailer operating in British Columbia Swifty uses the perpetual inventory system. 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 2022 Date Description Quantity Unit Cost or Selling Price January 1 Beginning inventory 100 $17 January 5 Purchase 144 20 Sale January 8 109 29 29 January 10 10 Sale return 55 22 January 15 Purchase 5 22 January 16 Purchase return 33 95 Sale January 20 24 22 Purchase January 25 Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20,& 25. (Round Intermediate calculations to decimal places and final answers to 3 decimal places, eg, 5.251.) Moving-Average Cost per unit January 1 17.000 January 5 18.770 January 8 18.770 January 10 18770 $ January 15 18770 $ $ 35748 January 16 $ 19658 January 20 $ 20.441 January 25 e Textbook and Media Anamnte: 3 of 5 used Submit Amwer 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, os. 12.502 and final answer to decimal places, es 1,250) LIFO FIFO Moving average S 7405 3580 Cost of goods sold 3980 $ 2228 $ 2628 $ 4102 Ending inventory 2874 $ 1399 2026 $ Gross profit e Textbook and Media Attempts: 3 of 5 used Submit

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