Vaughn Inc. is a retailer operating in British Columbia. Vaughn uses the perpetual inventory system....
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Accounting
Vaughn Inc. is a retailer operating in British Columbia. Vaughn uses 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 for Vaughn Inc. for the month of January
tableDateDescription,Quantity,Unit Cost or Selling PriceJanuaryBeginning inventory,$
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