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Required information Problem 6 - 1 A ( Algo ) Calculate ending inventory and cost of goods sold for four inventory methods ( LO 6

Required information
Problem 6-1A (Algo) Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3)
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[The following information applies to the questions displayed below.]
Alexandra's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Alexandra's Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $720 $4,320
October 4 Sale 4
October 10 Purchase 57303,650
October 13 Sale 3
October 20 Purchase 47402,960
October 28 Sale 7
October 30 Purchase 67504,500
$15,430
Problem 6-1A (Algo) Part 2
2. Using FIFO, calculate ending inventory and cost of goods sold at October 31.

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