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Calculate ending inventory and cost of goods sold at october

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Reference no: EM132764905

Question - Required information - 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.

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

Required - Using FIFO, calculate ending inventory and cost of goods sold at October 31.

Reference no: EM132764905

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