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Current Attempt in Progress Vaughn Company sells one product. Presented below is information for January for Vaughn Company. Jan. 1 Inventory 1 1 5 units

Current Attempt in Progress
Vaughn Company sells one product. Presented below is information for January for Vaughn Company.
Jan. 1 Inventory 115 units at $5 each
4 Sale 91 units at $8 each
11 Purchase 156 units at $7 each
13 Sale 128 units at $9 each
20 Purchase 155 units at $7 each
27 Sale 95 units at $10 each
Vaughn uses the FIFO cost flow assumption. All purchases and sales are on account.
Compute gross profit:
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