Solution-Compute cost of goods sold

Compute cost of goods sold

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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.

Reference no: EM132149662

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Compute cost of goods sold : Ayayai Company's record of transactions for the month of April was as follows. Compute cost of goods sold assuming periodic inventory procedures

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Compute cost of goods sold

Reference no: EM132149662

Reference no: EM132149662

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