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Ayayai Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 146 tents. This consists of 48
Ayayai Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 146 tents. This consists of 48 tents at a cost of $207 each and 98 tents at a cost of $229 each. During April, the company had the following purchases and sales of tents: Purchas s Sales Date Units Unit Cost Units Unit Price $395 Apr. 3 74 10 204 $280 17 24 291 30 253 395 295 190 395 Your answer is incorrect. Try again Determine the cost of goods sold and the cost of the ending inventory using FIFO. Cost of goods sold Cost of the ending inventory
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