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Business, 01.07.2020 20:01 sammizwang
Exercise 6-4 Ayayai Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 153 tents. This consists of 50 tents at a cost of $209 each and 103 tents at a cost of $223 each. During April, the company had the following purchases and sales of tents: Purchases Sales Date Units Unit Cost Units Unit Price Apr. 3 72 $430 10 192 $273 17 237 430 24 315 293 30 205 430 Determine the cost of goods sold and the cost of the ending inventory using FIFO.
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Exercise 6-4 Ayayai Outdoor Stores Inc. uses a perpetual inventory system and has a beginning invent...
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