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Requlred Information [ The following information applies to the questions displayed below. ] Sara's Boutique has the following transactions related to its top - selling
Requlred Information
The following information applies to the questions displayed below.
Sara's Boutique has the following transactions related to its topselling Gucci purse for the month of October.
Required:
Calculate ending inventory and cost of goods sold at October using the specific identification method. The October sale consists of purses from beginning inventory, the October sale consists of one purse from beginning inventory and two purses from the October purchase, and the October sale consists of three purses from the October purchase and four purses from the October purchase.
tableEnding inventoryCost of goods sold
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