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Ayayal Corporation opened a new store on January 1, 2024. During 2024, the first year of operations, the following purchases and sales of inventory were
Ayayal Corporation opened a new store on January 1, 2024. During 2024, the first year of operations, the following purchases and sales of inventory were made: Date June 11 Oct. 18 Dec. 20 Purchases Units Cost per unit 10 $1,000 10 1,150 14 1,250 18 1,400 Date July Dec. 29 Sales Units 13 33 Price per unit $2.000 2.000 Assume Ayayal uses weighted average perpetual. Calculate the cost of ending inventor", cost of goods sold, and gross proft. (Round the
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