Question: solve for part (a2) Your answer is correct. Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) For each of


Your answer is correct. Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (Round answers to 0 decimal places; e.g. 125.) (1) LIFO. (2) FIFO (3) Moving-average. Concord Corporation is a retailer operating in Calgary, Alberta. Concord uses the perpetual inventory metho. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Concord for the month of January 2022
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