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Vaughn Manufacturing had 510 units of Tank in its inventory at a cost of $3 each. It purchased, for $2770, 320 more units of Tank
"Vaughn Manufacturing had 510 units of Tank in its inventory at a cost of $3 each. It purchased, for $2770, 320 more units of Tank . Vaughn then sold 415 units at a selling price of $10 each, resulting in a gross profit of $2000. The cost flow assumption used by Vaughn"
Group of answer choices
cannot be determined from the information given.
is LIFO.
is FIFO.
is weighted average.
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