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VaughnInc. is a retailer operating in British Columbia.Vaughnuses the perpetual inventory system. All sales returns from customers result in the goods being returned to inventory;

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VaughnInc. is a retailer operating in British Columbia.Vaughnuses the perpetual inventory system. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information forVaughnInc. for the month of January 2022.

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Question 6 of 7 Unit Cost or Selling Date Description Quantity Price January 1 Beginning inventory 100 $15 January 5 Purchase 144 18 January 8 Sale 112 30 January 10 Sale return 10 30 January 15 Purchase 55 20 January 16 Purchase return 5 20 January 20 Sale 92 35 January 25 Purchase 20 22Moving-Average Cost per unit January 1 January 5 $ January 8 $ January 10 $ January 15 $ January 16 LA January 20 January 25 $For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit. (1) LIFO. (2) FIFO. (3) Moving-average cost. (Round average-cost per unit to 3 decimal places, e.g. 12.502 and final answer to O decimal places, e.g. 1,250.) LIFO FIFO Moving-average Cost of goods sold $ $ Ending inventory $ $ $ Gross profit $ $ $

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