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Accounting
Required Information [The following Information applies to the questions displayed below) Sandra's Purse Boutique has the following transactions related to its top-seling Gucc/purse for the month of October Sandra's Purse Boutique uses a periodic Inventory system. Units 6 Unit Cost $ 740 Total Cost $4,440 Date October 1 October 4 October 10 October 13 October 20 October 23 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purcha 750 3,750 5 3 4 2 760 3,40 720 $16,020 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31, Ending Inventory Cost of goods sold 5 10.470
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