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		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		25
Jan. 10		Sale		60		48
Jan. 23		Purchase		105		26
Jan. 30		Sale		125		51

(a1)

Correct answer iconYour answer is correct.

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

Jan. 1		$enter a dollar amount
Jan. 2		$enter a dollar amount
Jan. 6		$enter a dollar amount
Jan. 9		$enter a dollar amount
Jan. 10		$enter a dollar amount
Jan. 23		$enter a dollar amount
Jan. 30		$enter a dollar amount

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Attempts: 3 of 12 used

(a2)

New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is partially correct.

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		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
Ending inventory		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
Gross profit		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount

I need the (MOVING-AVERAGE!)