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Help please The following information is for Ayayai Enterprises Ltd.: (a) Using the above information, prepare monthly income statements (as far as the data permit)
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The following information is for Ayayai Enterprises Ltd.: (a) Using the above information, prepare monthly income statements (as far as the data permit) in columnar form for February, March, and April. Show the inventory in the statement at cost; show the gain or loss due to fluctuations in NRV separately. Ay uses the indirect or allowance method. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) February Sales Cost of Goods Sold Inventory, Beginning Purchases Cost of Goods Available Inventory, Ending Cost of Goods Sold Gross Profit / (Loss) Gain / (Loss) Due to Market Fluctuations of Inventory March February March April uations of InventoryStep by Step Solution
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