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In its first month of operations, Ayayai Inc. made three purchases of merchandise in the following sequence: (1) 390 units at $9 each. (2) 720
In its first month of operations, Ayayai Inc. made three purchases of merchandise in the following sequence: (1) 390 units at $9 each. (2) 720 units at $13 each, and (3) 820 units at $12 each. A physical inventory count determined that there were 630 units on hand at the end of the month. Assuming Ayayai uses a periodic inventory system. Calculate the cost of the ending inventory and cost of goods sold using by FIFO. $ Ending inventory Cost of goods sold $ e Textbook and Media Calculate the cost of the ending inventory and cost of goods sold using average. (Round final answers to 2 decimal places, eg. 1.52.) Weighted average cost $ Ending inventory $ Cost of goods sold $ Calculate the cost of the ending inventory and cost of goods sold using average. (Round final answers to 2 decima Weighted average cost $ Ending inventory $ Cost of goods sold $
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