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4. Ajaz Mercantile, a 20X8 start-up, shows the following inventory data for 20X8: Units Cost/Unit Cost January 12 1,200 $22 $26,400 April 14 1,500 $24
4. Ajaz Mercantile, a 20X8 start-up, shows the following inventory data for 20X8: Units Cost/Unit Cost January 12 1,200 $22 $26,400 April 14 1,500 $24 36,000 July 17 1,000 $25 25,000 October 21 2,000 $26 52,000 Ending inventory 3,000 In 20X9, Ajaz purchases an additional 5,000 units for $150,000. If 20X9 sales are 6,000 units, what does Ajaz report for 20X9 ending inventory and cost of goods sold?..
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