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Problem 4 Laz-y-Girl Co. sells leather recliners. The following schedule relates to the company's inventory for the month of October: October Units 74 52 37
Problem 4 Laz-y-Girl Co. sells leather recliners. The following schedule relates to the company's inventory for the month of October: October Units 74 52 37 Unit cost $599 618 Total cost $44,326 32,136 Beginning inventory 3 Purchase 5 Sale II Purchase 15 Sale 22 Sale 28 Purchase 654 15,696 24 56 39 50 677 33,850 Laz-y-Girl uses the periodic inventory system. Inventory at the end of October was 68 units. Each chair sells for $1,150. (Round COGS to the nearest dollar and cost per unit to 2 decimal places, e.g. $10.52) Required: (6 marks - 15 minutes) For the month of October, calculate cost of goods sold using: a. & Calculated for i. FIFO 74 + (52 + 24 +50) (37 56 439) = **(63) i zandang umu) you
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