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Ayayai Corporation began operations on December 1,2022. The only inventory transaction in 2022 was the...

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Accounting

Ayayai Corporation began operations on December 1,2022. The only inventory transaction in 2022 was the purchase of inventory on
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
100
Dec. 31,2023, by purchase date
Dec. 2,2023
July 20,2023
30,130
During 2023, the following purchases and sales were made:
The company uses the periodic inventory method.
Determine the ending inventory under FIFO
image

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