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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

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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 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: Purchases Uni Sales Unit Price Unit Cost Date 74 $395 204 $280 253 395 -O-Nemo 291 295 190 395 Determine the cost of goods sold and the cost of the ending inventory using FIFO. Date Purchase Cost of Goods Sold Inventory Balance Apr 3 Apr 10 Apr 17 Apr 24 Apr 30 Ending Inventory: Cost of Goods Sold: Ft 1,252

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