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You are provided with the following information for Vaughn Inc. for the month ended June 30, 2020. Vaughn uses the periodic method for inventory. Date
You are provided with the following information for Vaughn Inc. for the month ended June 30, 2020. Vaughn uses the periodic method for inventory. Date June 1 June 4 June 10 June 11 June 18 June 18 June 25 le 28 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase Quantity 44 139 107 18 Unit Cost or Selling Price $39 44 73 73 47 47 79 51 58 12 66 28 Calculate ending Inventory, cost of goods sold, gross profit under each of the following methods. (1) UFO (2) FIFO (3) Average- cost. (Round average cost method answers to 2 decimal places 1.250.25 and other onswers to decat ploos. 1.250) UFO FIFO AVERAGE-COST The ending inventory $ 4268 49 453789 The cost of goods sold $ 7154 S 6600 $ 688820 Gross profit $ 4557 $111 2022.80 e Textbook and Media Attempts: 1 of 3 used (33) Calculate gross proftrate under each of the following methods (1) LIFO 12 FIFO, 131 Aventos Hundeswers to I decimal place.es. 5120 FIFO AVERAGE-COST LIFO Gross profit fe
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