Please do not give solution in image format thanku Ayayai Corporation began operations on December 1, 2022. The only inventory transaction in 2022 was the purchase of inventory onDecember 10, 2022, at a cost of $20 per unit. None of this inventory was sold in 2022. Relevant information for fiscal 2023 is asfollows:Ending inventory units:Dec. 31, 2022Dec 31, 2023, by purchase dateDec. 2, 2023July 20, 2023PurchasesMar. 15July 20Sept 4Dec.During 2023, the following purchases and sales were made:310 units at $24310 units at $26210 units at $28100 units at $3010030100Ending inventory $130SalesApr.200Aug 20 270Nov.1018The company uses the periodic inventory method,160Dec. 12 270Determine ending inventory under weighted average cost. (Round weighted average cost per unit to 2 decimal places, e.g.52.75 and final answer to 0 decimal places, e.g. 5,275)

Name: Please do not give solution in image format thanku Ayayai Corporation
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Description: Please do not give solution in image format thanku Ayayai Corporation began operations on December 1, 2022. The only inventory transaction in 2022 was the purchase of inventory onDecember 10, 2022, at a cost of $20 per unit. None of this inventory wa

Inventory -The term "inventory" refers to the products that are for sale as well as the raw…

Business

Accounting

Ayayai Corporation began operations on December 1, 2022. The only inventory transaction in 2022 was the purchase of inventory December 10, 2022, at a cost of $20 per unit. None of this inventory was sold in 2022. Relevant information for fiscal 2023 is as follows: Ending inventory units: Dec. 31, 2022 Dec. 31, 2023, by purchase date Dec. 2, 2023 July 20, 2023 100 30 100 130

Ayayai Corporation began operations on December 1, 2022. The only inventory transaction in 2022 was the purchase of inventory December 10, 2022, at a cost of $20 per unit. None of this inventory was sold in 2022. Relevant information for fiscal 2023 is as follows: Ending inventory units: Dec. 31, 2022 Dec. 31, 2023, by purchase date Dec. 2, 2023 July 20, 2023 100 30 100 130

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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