Required information [The following information applies to the questions displayed below.] Sandra's Purse Boutique has the following transactions related to its top-selling Gucci purse for the month...


Required information<br>[The following information applies to the questions displayed below.]<br>Sandra's Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October.<br>Sandra's Purse Boutique uses a periodic inventory system.<br>Unit Cost<br>$900<br>Units<br>Total Cost<br>Date<br>October 1<br>October 4<br>October 10<br>October 13<br>October 20<br>October 28<br>Transactions<br>6.<br>$ 5,400<br>Beginning inventory<br>Sale<br>Purchase<br>Sale<br>Purchase<br>Sale<br>Purchase<br>4<br>910<br>4,550<br>3<br>4<br>920<br>3,680<br>6,510<br>$20,140<br>October 30<br>7<br>930<br>2. Using FIFO, calculate ending inventory and cost of goods sold at October 31.<br>Ending inventory<br>Cost of goods sold<br>

Extracted text: Required information [The following information applies to the questions displayed below.] 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 $900 Units Total Cost Date October 1 October 4 October 10 October 13 October 20 October 28 Transactions 6. $ 5,400 Beginning inventory Sale Purchase Sale Purchase Sale Purchase 4 910 4,550 3 4 920 3,680 6,510 $20,140 October 30 7 930 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold

Jun 11, 2022
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