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Vaughn Manufacturing is a retailer operating in Calgary, Alberta. Vaughn uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are

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Vaughn Manufacturing is a retailer operating in Calgary, Alberta. Vaughn 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 for the month of January 2022 Date Quantity Unit Cost or Selling Price Description Ending inventory Dec. 31 150 $20 Jan. 2 Purchase 100 21 Jan. 6 Sale 185 37 Jan. 9 Purchase 65 25 Jan. 10 Sale 60 48 Jan. 23 Purchase 105 26 Jan. 30 Sale 125 51 (a2) Your answer is partially correct For each of the following cost flow assumptions, calculate cost of goods sold ) ending inventory and logross profit. (Round answers to decimal places, es 125.) (11 LIFO FIFO 131 Moving average LIFO FIFO Moving avera Cost of woods sold 5 Ending inventory $ 1000 $ 1500 1150 Gross pront 3 7645 75 1120

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