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Vaughn Manufacturing is a retailer operating in Calgary, Alberta. Vaughn uses the perpetual inventory method. Assume that there an 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 an 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 Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 150 $20 Jan. 2 Purchase 100 21 Jan. 6 Sale 185 37 Jan. 9 Purchase 65 Jan. 10 Sale 60 Jan. 23 Purchase 105 Jan. 30 Sale 125 25 48 51 For each of the following cost flow assumptions, calculate (1) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (Round answers to O decimal places, e.g. 125.) (1) LIFO. (2) FIFO. (3) Moving-average. FIFO Moving-average Cost of goods sold Ending inventory Gross profit LIFO 9,103 1302 8752 S S 8.793 161 9.062 S S 8.864 1541

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