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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, e.g. 12.502 and final answer to 0 decimal places, e.g. 1,250.) LIFO FIFO Moving average $ $ Cost of goods sold $ $ $ Ending inventory S Gross profit $ e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for later Lily Inc. is a retailer operating in British Columbia. Lily uses the perpetual inventory system. All sales returns fro the goods being returned to inventory: the inventory is not damaged. Assume that there are no credit transactic settled in cash. You are provided with the following information for Lily Inc. for the month of January 2022. Unit Cost or Selling Price Date Description Quantity January 1 Beginning inventory 100 $ 12 January 5 Purchase 135 15 January Sale 110 23 January 10 Sale return 10 23 January 15 Purchase 55 17 January 16 Purchase return 5 17 20 January Sale 85 28 January 25 Purchase 19 17 Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round intermec decimal places and final answers to 3 decimal places, e.g. 5.251.) Moving-Average Cost per unit January 1 $ 12.000 January 5 $ 13.723 January 8 $ 13.723 January 10 $ 13.723 January 15 $ 14.674 January 16 $ 14.611 January 20 $ 14.611 January 25 $ 15.248

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