Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase. Sale Purchase Ending inventory Cost of goods sold Units 6 4 5 3 4 7 7 Cost per Unit $740 750 760 770 Total Cost $4,440 3,750 3,040 5,390 $16,620 Required: 1. Calculate ending inventory and cost of goods sold at October 31, using the specific identification method. The October 4 sale consists of purses from beginning inventory, the October 13 sale consists of one purse from beginning inventory and two purses from the October 10 purchase, and the October 28 sale consists of three purses from the October 10 purchase and four purses from the October 20 purchase.

Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase. Sale Purchase Ending inventory Cost of goods sold Units 6 4 5 3 4 7 7 Cost per Unit $740 750 760 770 Total Cost $4,440 3,750 3,040 5,390 $16,620 Required: 1. Calculate ending inventory and cost of goods sold at October 31, using the specific identification method. The October 4 sale consists of purses from beginning inventory, the October 13 sale consists of one purse from beginning inventory and two purses from the October 10 purchase, and the October 28 sale consists of three purses from the October 10 purchase and four purses from the October 20 purchase.

Name: Please help me. Fast solution please .Thankyou. wwwww picos owy gmCost
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Description: Please help me. Fast solution please .Thankyou. wwwww picos owy gmCost perUnit$740750760DateOctober 1October 4October 10October 13October 20October 28October 30Ending inventoryCost of goods soldTransactionsUnitsBeginning inventory 64SalePurchaseSale5

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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