Ayayai Corporation began operations on December The only inventory transaction in was the purchase of invent
December at a cost of $ per unit. None of this inventory was sold in Relevant information for fiscal is as
follows:
Ending inventory units:
Dec.
Dec. by purchase date
Dec.
July
During the following purchases and sales were made:
The company uses the periodic inventory method.
Determine ending inventory under specific identification.
Ending inventory
Determine ending inventory under FIFO.
Ending inventory $
Determine ending inventory under weighted average cost. Round weighted average cost per unit to decimal places, eg and
final answer to decimal places, eg
Ending inventory $
