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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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