Vaughn Ltd. is a retailer operating in Dartmouth, Nova Scotia. Vaughn uses the perpetual inventory method. 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 Ltd. for the month of January 2020.

Date	Description	Quantity	Unit Cost or Selling Price
December 31	Ending inventory	162	19
January 2	Purchase	108	21
January 6	Sale	162	40
January 9	Sale return	22	40
January 9	Purchase	74	24
January 10	Purchase return	26	24
January 10	Sale	54	45
January 23	Purchase	108	26
January 30	Sale	170	50

For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (1) FIFO. (2) Moving-average cost. (Round average unit cost to 3 decimal places, e.g. 25.167 and final answers to 0 decimal places, e.g. 2,150.)

	FIFO	Moving-average
Cost of goods sold
Ending inventory
Gross profit