You have the following information for Vaughn Inc for the month ended June 30, 2022....
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Accounting
You have the following information for Vaughn Inc for the month ended June 30, 2022. Vaughn uses a periodic inventory system Unit Cost or Quantity Selling Price Date Description Beginning inventory June 1 40 $28 June 4 4 Purchase 135 31 June 10 Sale 110 58 June 11 Sale return 15 58 June 18 Purchase 55 34 June 18 10 34 Purchase return 25 June Sale 65 64 June 28 Purchase 35 38 Your answer is correct Calculate cost per unit (Round answer to 2 decimal places, es. 5.25.) Weighted average cost per unit $ 32.02 eTextbook and Media Attempts: 1 of 3 used (a3) Calculate gross profit rate under each of the following methods. (1) LIFO (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, eg. 51.2%) LIFO FIFO AVERAGE-COST % % % Gross profit rate eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for Later
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