Subject: acounting 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.)Cost of goods sold $Ending inventoryGross profitLIFO328416602758$$FIFO288420603158$$Moving-average287817703164 Coronado Inc. is a retailer operating in British Columbia. Coronado uses the perpetual inventory system. All sales returns fromcustomers result in the goods being returned to inventory: the inventory is not damaged. Assume that there are no credittransactions; all amounts are settled in cash. You are provided with the following information for Coronado Inc. for the month ofJanuary 2022.DateDescriptionJanuary 1 Beginning inventoryJanuary 5PurchaseJanuary 8January 10January 15January 16January 20January 25SaleSale returnPurchasePurchase returnSalePurchaseQuantity Unit Cost or Selling Price$1310014911510555941816282818183320

Name: Subject: acounting For each of the following cost flow assumptions, ca
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Subject: acounting 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