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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
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 $740 Total Cost $ 4,440 Date October 1 October 4 October 10 October 13 October 20 October 20 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 6 4 5 3 4 7 750 3,750 760 3,040 770 5,390 516,620 Problem 6-1A Part 2 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31 $ Ending Inventory Cost of goods sold 6,044 10.576 $
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