Ayayai companys record of transactions for the month of


Question - Ayayai Company's record of transactions for the month of April was as follows.

Purchases

Sales

April 1 (balance on hand)

642 @ $6.00

April 3

535 @ $10.000

4

1,605 @ 6.08

9

1,498 @ 10.00

8

856 @ 6.41

11

642 @ 11.00

13

1,284 @ 6.61

23

1,284 @ 11.00

21

749 @ 6.81

27

27 963 @ 12.00

29

535 @ 6.98

 

4,922

 

5,671

 

 

Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Ayayai companys record of transactions for the month of
Reference No:- TGS02943111

Now Priced at $25 (50% Discount)

Recommended (99%)

Rated (4.3/5)