Vaughn Manufacturing is a retailer operating in Calgary, Alberta. Vaughn Manufacturing uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Vaughn Manufacturing for the month of January 2017.

Date		Description		Quantity		Unit Cost or Selling Price
Dec. 31		Ending inventory		163		$21
Jan. 2		Purchase		100		23
Jan. 6		Sale		197		43
Jan. 9		Purchase		76		25
Jan. 10		Sale		51		48
Jan. 23		Purchase		107		26
Jan. 30		Sale		136		51

Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.)

Jan. 1

$

Jan. 2

$

Jan. 6

$

Jan. 9

$

Jan. 10

$

Jan. 23

Jan 30

$

$

$ For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (Round answers to 0 decimal places, e.g. 125.)

(1)		LIFO.
(2)		FIFO.
(3)		Moving-average.

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