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Saved Help Save & Exit Submit Check my work Required information [The following information applies to the questions displayed below.] Alexandra's Boutique has the
Saved Help Save & Exit Submit Check my work 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 October 1 October 4 October 10 October 13 October 20 Transactions Units Beginning inventory 6 Unit Cost $820 Total Cost $4,920 Sale 4 Purchase 5 830 4,150 Sale 3 Purchase 840 3,360 October 28 October 30 Sale 7 Purchase 8 850 6,800 $19,230 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold < Prev 10 G= 11 12 of 17 Next >
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