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Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 150 $ 20 Jan.2 Purchase 100 21 Jan. 6 Sale 185 37 Jan.

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Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 150 $ 20 Jan.2 Purchase 100 21 Jan. 6 Sale 185 37 Jan. 9 Purchase 65 25 Jan. 10 Sale 60 48 Jan. 23 Purchase 105 26 Jan. 30 Sale 125 51 Vaughn Manufacturing is a retailer operating in Calgary, Alberta. Vaughn 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 Vaughn for the month of January 2022 Calculate average cost for each unit. (Round answers to Jan. 1 ta 20 Jan. 2 $ 20.4 Jan. 6 ta 20.4 Jan. 9 $ Jan. 10 $ $ Jan. 23 TA Jan. 30 TA For each of the following cost flow assumptions, calculate (1) cost of goods sold, (ii) ending inventory, and (iii) gross profit (Round answers to decimal places, eg. 125.) (1) LIFO (2) FIFO, (3) Moving-average. LIFO FIFO Moving average Cost of goods sold $ $ $ Ending inventory $ $ Gross profit $ $ $

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