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Sample Video Exercise 6-4 Running Total Price Running Total 1-Sep Beg Inv 13 13 $ 105.00 $ 1,365 $ 1,365.00 12-Sep Purchase 44 57 $
Sample Video Exercise 6-4 | |||||||||
Running Total | Price | Running Total | |||||||
1-Sep | Beg Inv | 13 | 13 | $ 105.00 | $ 1,365 | $ 1,365.00 | |||
12-Sep | Purchase | 44 | 57 | $ 107.00 | $ 4,708 | $ 6,073.00 | |||
19-Sep | Purchase | 51 | 108 | $ 109.00 | $ 5,559 | $ 11,632.00 | |||
26-Sep | Purchase | 20 | 128 | $ 112.00 | $ 2,240 | $ 13,872.00 | |||
128 | $ 13,872 | ||||||||
SOLD: | 101 | Units sold during the reporting period | |||||||
Exercise: | Determine the COGS transfer out of inventory to be pushed to income statement to match against revenues | ||||||||
for the101 units sold during the reporting period. |
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