a
For each of the following cost flow assumptions, calculate i cost of goods sold, ii ending inventory, and iii gross profit. Round per unit cost to decimal places, eg and final answers to decimal places, eg
LIFO.
FIFO.
Movingaverage.
eTextbook and Media
Question of
Tamarisk, Inc. is a retailer operating in Calgary, Alberta. Tamarisk, Inc. 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 Tamarisk, Inc. for the month of January
tableDateDescription,Quantity,Unit Cos,PriceDecEnding inventory,$
Find the LIFO FIFO and moving average of the cost of goods sold, ending iventory and gross profit
