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Vaughn Inc. is a retailer operating in British Columbia. Vaughn uses the perpetual inventory system. All sales returns from customers result in the goods being
Vaughn Inc. is a retailer operating in British Columbia. Vaughn uses the perpetual inventory system. 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 Vaughn Inc. for the month of January 2022. Date Description Quantity Unit Cost or Selling Price January 1 Beginning inventory 100 $15 January 5 Purchase 144 18 January 8 Sale 112 30 January 10 Sale return 10 30 January 15 Purchase 55 20 January 16 Purchase return 5 20 January 20 Sale 92 35 January 25 Purchase 20 22 (a 1) Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round moving average cost per unit answers to 3 decimal places, e.g. 5.251.) , Moving-Average Cost per unit January 1 $ 15 January 5 $ January 8 $ 16.77 January 10 $ 16.77 January 15 $ January 16 $ January 20 $ January 25 $ e Textbook and Media
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