Question: Problem 6-8A Vaughn Manufacturing is a retailer operating in Calgary, Alberta. Vaughn Manufacturing uses the perpetual inventory method. Assume that there are no credit transactions;

Problem 6-8A Vaughn Manufacturing is a retailer operating in Calgary, Alberta. Vaughn Manufacturing 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 Manufacturing for the month of January 2017. Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 163 $21 Jan. 2 Purchase 100 23 Jan. 6 Sale 197 43 Jan. 9 Purchase 76 25 Jan. 10 Sale 51 48 Jan. 23 Purchase 107 26 Jan. 30 Sale 136 51 Correct answer. Your answer is correct. Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 $Entry field with correct answer Jan. 2 $Entry field with correct answer Jan. 6 $Entry field with correct answer Jan. 9 $Entry field with correct answer Jan. 10 $Entry field with correct answer Jan. 23 $Entry field with correct answer Jan. 30 $Entry field with correct answer SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT Partially correct answer. Your answer is partially correct. Try again.

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 $Entry field with correct answer $Entry field with correct answer $Entry field with incorrect answer Ending inventory $Entry field with correct answer $Entry field with correct answer $Entry field with incorrect answer Gross profit $Entry field with incorrect answer $Entry field with incorrect answer $Entry field with incorrect answer Click if you would like to Show Work for this question: Open Show Work

I need help with the cash flow assumption numbers, LIFO, FIFO, and Moving-Average. This is a multi-part question so please answer all parts.

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