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Vaughn Inc. is a retailer operating in British Columbia. Vaughn uses the perpetual inventory system. All sales result in the goods being returned to inventory;
Vaughn Inc. is a retailer operating in British Columbia. Vaughn uses the perpetual inventory system. All sales result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no crec amounts are settled in cash. You are provided with the following information for Vaughn Inc. for the month o 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, eg. 5.251.) 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. (Round average-cost per unit to 3 decimal places, e.g. 12.502 and final answer to 0 decimal places, e.g. 1,250.) eTextbook and Media Attempts: 0 of 5 used
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