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Aya Company, using the periodic inventory system, began the year with 220 units of product B in inventory with a unit cost of $35 The
Aya Company, using the periodic inventory system, began the year with 220 units of product B in inventory with a unit cost of $35 The following additional purchases of the product were made: View the purchases. At end of year, Aya Company had 490 units of its product unsold. Calculate cost of ending inventory as well as cost of goods sold by the (a) EIED. (b) LEQ, and (c) weighted average methods. (Round the weighted average to the nearest cent) (a) Calculate cost of ending inventory as well as cost of goods sold by the FIFO method. Cost of goods available for sale Less: Ending inventory Cost of goods sold (a) FIFO (b) Calculate cost of ending inventory as well as cost of goods sold by the LIFO method Cost of goods available for sale Less: Ending inventory (b) LIFO (b) LIFO Cost of goods available for sale Less: Ending inventory Cost of goods sold (c) Calculate cost of ending inventory as well as cost of goods sold by the weighted-average method. (Round the weighted average other amounts to the nearest whole dollar.) Cost of goods available for sale Less: Ending inventory Cost of goods sold (c) Weighted Average the nearest cant XXXX, and all were made Aya Company, using the periodic inventory system, began the year with 220 units of product B in inventory with a unit cost of $35. The following additional purchases of the product View the purchases, At end of year, Aya Company had 490 units of its product unsold. Calculate cost of ending inventory as well as cost of goods sold by the (a) EIEQ. (b) LIEQ, and (c) weighted averages methods. (Round the weighted average to the nearest cent.) (a) Calculate cost of ending inventory as well as cost of goods sold by the FIFO method Cost of goods available for sale Less: Ending inventory Cost of goods sold (a) FIFO (b) Calculate cost of ending inventory as well as cost of goods sold by the LIFO method Cost of goods available for sale Less: Ending inventory (b) LIFO Purchases Apr. 1 330 units @ $41 each July 5 430 units @ $51 each Aug. 15 520 units @ $60 each Nov. 20 140 units @ $78 each Print Done - X
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