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Only FIFO method Required information [The following information applies to the questions displayed below.] Sara's Boutique has the following transactions related to its top-selling Gucci

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Only FIFO method

Required information [The following information applies to the questions displayed below.] Sara's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sara's Boutique uses a periodic inventory system. 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Answer is complete but not entirely correct

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