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Date Transactions Units Cost per Unit Total Cost October 1 Beginning inventory 6 $880 $ 5,280 October 4 Sale 4 October 10 Purchase 5 890
Date | Transactions | Units | Cost per Unit | Total Cost |
October 1 | Beginning inventory | 6 | $880 | $ 5,280 |
October 4 | Sale | 4 | ||
October 10 | Purchase | 5 | 890 | 4,450 |
October 13 | Sale | 3 | ||
October 20 | Purchase | 4 | 900 | 3,600 |
October 28 | Sale | 7 | ||
October 30 | Purchase | 8 | 910 | 7,280 |
$20,610 | ||||
3. | Using LIFO, calculate ending inventory and cost of goods sold at October 31, 2015. |
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