# Help! I do not understand this question Problem 6-08A a1-a2 (Part Level Submission) Crane Inc. is a

Help! I do not understand this question

Problem 6-08A a1-a2 (Part Level Submission) Crane Inc. is a retailer operating in British Columbia. Crane uses the perpetual inventory method. 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 Crane Inc. for the month of January 2020. Description Selling Price Quantity Date Beginning inventory January 1 100 \$19 Purchase 150 January 22 Sale 115 January 31 Sale return 10 January 10 31 Purchase 55 January 15 24 January 16 Purchase return 24 20 Sale January 5 37 Purchase January 25 24 26 Problem 6-08A a1-a2 (Part Level Submission) Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25 Moving-Average Cost per unit January 1 19.000 January 5 20.800 January 8 20.800 January 20.800 \$ January 15 21.680 January 16 21.621 January 20 21.621 January 25 22,468 ЕЕ ЕЕ A (a2) 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. per unit to 503 decimal places, e.g. 12.50 and final answer to decimal places, e.g. 1,250.) Moving-average LIFO FIFO Cost of goods sold Ending inventory Gross profit Open Show Work Click if you would like to Show Work for this question: