Business, 12.03.2020 17:32 ajm1132005
At May 1, 2022, Ayayai Corp. had beginning inventory consisting of 280 units with a unit cost of $7. During May, the company purchased inventory as follows:
O 560 units at $7
O 850 units at $8
The company sold 1410 units during the month for $11 per unit. Ayayai Corp. uses the average cost method.
Required:
1. The value of Ayayai Corp.'s inventory at May 31, 2022 is (Round average cost per unit to 2 decimal places, e. g. 12.52.)
Answers: 2
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At May 1, 2022, Ayayai Corp. had beginning inventory consisting of 280 units with a unit cost of $7....
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