Using Perpetual Inventory, identify cost of goods sold expense for Oct 2021
			# Units	Cost	Sale price
01-Oct	Opening Inventory		500	$10,000.00
04-Oct	Sales		100		$4,000.00
07-Oct	Purchase		300	$6,300.00
11-Oct	Sales		225		$9,225.00
15-Oct	Purchase		350	$6,650.00
17-Oct	Sales		175		$6,650.00
18-Oct	Sales		275		$10,725.00
Using FIFO, provide Closing Inventory

Question 5 options:

	7565.23
	7415.65
	7433.44
	7395.58

Using Perpetual Inventory, identify cost of goods sold expense for Oct 2021 Cost $10,000.00 Sale price Opening Inventory Sales $4,000.00 01-Oct 04-Oct 07-Oct 11-Oct 15-Oct 17-Oct 18-Oct $6,300.00 # Units 500 100 300 225 350 175 275 Purchase Sales Purchase Sales Sales $9,225.00 $6,650.00 $6,650.00 $10,725.00