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Ayayai Company Inc. had a beginning inventory of 80 units of Product RST at a cost of $6 per unit. During the year, purchases
Ayayai Company Inc. had a beginning inventory of 80 units of Product RST at a cost of $6 per unit. During the year, purchases were: Feb. 20 480 units at $7 Aug. 12 320 units at $9 May 5 400 units at $8 Dec. 8 160 units at $10 Ayayai Company uses a periodic inventory system. Sales totaled 1,200 units. (a) Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale $ 11520 (b) eTextbook and Media List of Accounts Attempts: 2 of 3 used * Your answer is incorrect. Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (For calculation purposes, round average cost to 2 decimal places, e.g. 5.25. Round answers to O decimal places, e.g. 125.) The ending inventory The cost of goods sold eTextbook and Media List of Accounts 69 $ FIFO 4760 6900 +9 149 LIFO 7760 3900 AVERAGE-COST $ 69 69 6750 4910 Assistance Used
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