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Problem 2 Ayden Corporation had the following activity in their inventory account for April 2020. Purchases Sales April 1 (beginning balance) 100 units @ $4.00
Problem 2 Ayden Corporation had the following activity in their inventory account for April 2020. Purchases Sales April 1 (beginning balance) 100 units @ $4.00 April 5 - 300 units April 4 400 units @ $4.10 April 12 - 200 units 300 units @ $4.30 April 27 - 800 April 11 units April 26 700 units @ $4.60 April 28 - 100 units Compute the ending inventory and cost of goods sold at April 30 for the following methods using the perpetual inventory approach: 1. First in, First out (FIFO) 2. Weighted average
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