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Required information The following information applies to the questions displayed below.) Sandra's Purse Boutique has the following transactions related to its top-selling Gucci purse for
Required information The following information applies to the questions displayed below.) Sandra's Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October Sandra's Purse Boutique uses a periodic inventory system. Unit Cost $ 770 Total Cost $ 4,620 780 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 6 4 5 3 4 7 7 3,900 790 3,160 800 5,600 $17.280 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31 Ending inventory Cost of goods sold Required information [The following information applies to the questions displayed below.) Sandra's Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October Sandra's Purse Boutique uses a periodic inventory system. Unit Cost $770 Total Cost $ 4,620 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 780 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 6 4 5 3 4 7 3,900 790 3,160 7 800 5,600 $17,280 3. Using LIFO, calculate ending Inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold
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