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Ayayai Inc. uses a perpetual inventory system. Its records show the following for the month of May. Date May May May May (a) 1
Ayayai Inc. uses a perpetual inventory system. Its records show the following for the month of May. Date May May May May (a) 1 15 Explanation Units Inventory Purchase 18 Sale 24 Purchase Total Cost of goods sold Ending Inventory $ 32 $ 23 (47) 36 91 Unit Cost $9 10 11 Total Cost $288 Calculate the cost of goods sold for May and the ending inventory at May 31 using the FIFO formula. 230 396 $914
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As per FIFO COGS 32 units 915 units10 438 Ending inventory 8 u...
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Managing Operations Across the Supply Chain
Authors: Morgan Swink, Steven Melnyk, Bixby Cooper, Janet Hartley
2nd edition
9780077535063, 007802403X, 77535065, 978-0078024030
