Question: Please show correct answer, I am not sure exactly where I went wrong. Thanks! Ayayai Inc. uses a perpetual inventory system. Its records show the

Please show correct answer, I am not sure exactly where I went wrong. Thanks! Ayayai Inc. uses a perpetual inventory system. Its records

Please show correct answer, I am not sure exactly where I went wrong. Thanks!

Ayayai Inc. uses a perpetual inventory system. Its records show the following for the month of May. Unit Total Date Explanation Units Cost Cost May 1 Inventory 32 $9 $288 May 15 Purchase 23 0 230 May 18 Sale (47) May 24 Purchase 36 11 396 $914 Total X Your answer is incorrect. Calculate the cost of goods sold for May and the ending inventory at May 31 using the average cost formula. (For average, use 3 decimal places, e.g. 15.235 in your calculations and round final answers to 2 decimal places, eg 5.25.) Cost of goods sold $ Ending Inventory $ 472.07 441.93

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