Vaughn Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $690 each. On January 10, Vaughn purchased 6 units at $760 each. The company sold 2 units on January 8 and 5 units on January 15.

Vaughn Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $690 each. On January 10, Vaughn purchased 6 units at \$760 each. The company sold 2 units on January 8 and 5 units on January 15. (a) Your answer is correct. Compute the ending inventory under FIFO. Your answer is incorrect. Compute the ending inventory under moving-average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answer to 0 decimal places, e.g. 1,250.) eTextbook and Media Last saved 1 second ago. Attempts: 1 of 2 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes