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Ayayai Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Price/ Date Transaction Quantity Cost Jan. 1 Beginning inventory
Ayayai Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Price/ Date Transaction Quantity Cost Jan. 1 Beginning inventory 1,000 $11 Feb. 4 Purchase 1,800 16 Feb. 20 Sale 2,100 28 Apr. 2 Purchase 2,600 Nov. 4 Sale 2,000 34 20 Calculate cost of goods sold, assuming Ayayai uses a perpetual inventory system and moving average cost formula. Cost of goods sold
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