Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3) Skip to question [The following information applies to the questions displayed below.] Sandra’s Purse Boutique has the following transactions related to its top-sellingGucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system. Date Transactions Units Unit Cost Total Cost October 1 Beginning inventory 6 $ 740 $ 4,440 October 4 Sale 4 October 10 Purchase 5 750 3,750 October 13 Sale 3 October 20 Purchase 4 760 3,040 October 28 Sale 7 October 30 Purchase 7 770 5,390 $ 16,620 Problem 6-1A Part 3 3.Using LIFO, calculate ending inventory and cost of goods sold at October 31.

Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3) Skip to question [The following information applies to the questions displayed below.] Sandra’s Purse...

Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3)

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[The following information applies to the questions displayed below.]

Sandra’s Purse Boutique has the following transactions related to its top-sellingGucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.

Date		Transactions	Units	Unit Cost	Total Cost
October	1		Beginning inventory	6		$	740	$	4,440
October	4		Sale	4
October	10		Purchase	5			750		3,750
October	13		Sale	3
October	20		Purchase	4			760		3,040
October	28		Sale	7
October	30		Purchase	7			770		5,390
								$	16,620

Problem 6-1A Part 3

3.Using LIFO, calculate ending inventory and cost of goods sold at October 31.

Jun 11, 2022

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Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3) Skip to question [The following information applies to the questions displayed below.] Sandra’s Purse...

Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3)

Problem 6-1A Part 3

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