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Required information [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
Required information [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 October 1 Beginning inventory October 4 October 10 October 13 October 20 October 28 October 30 Sale Purchase Sale Purchase Sale Purchase Ending inventory Cost of goods sold Units Unit Cost 6 $780 4 5 3 4 7 6 790 800 810 Total Cost $4,680 3,950 3,200 4,860 $16,690 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31.
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