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Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month of Oc Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Heing EO Units Unit Cost 6 $860 4 5 3 4 7 6 870 880 890 Total Cost $5,160 4,350 3,520 5,340 $ 18,370

Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month of Oc Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Heing EO Units Unit Cost 6 $860 4 5 3 4 7 6 870 880 890 Total Cost $5,160 4,350 3,520 5,340 $ 18,370

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Transactions Beginning inventory Sale Purchase Sale Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Purchase Sale Purchase Ending inventory Cost of goods sold Units Unit Cost 6 $860 4 5 3 4 7 6 870 880 890 Total Cost $5,160 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31. 4,350 3,520 5,340. $ 18,370
Transcribed Image Text:Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Transactions Beginning inventory Sale Purchase Sale Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Purchase Sale Purchase Ending inventory Cost of goods sold Units Unit Cost 6 $860 4 5 3 4 7 6 870 880 890 Total Cost $5,160 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31. 4,350 3,520 5,340. $ 18,370
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