Required information [The following information applies to the questions displayed below.] 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. Cost per Unit $730 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Units Total Cost $ 4,380 Beginning inventory Sale Purchase Sale Purchase Sale Purchase 4 740 3,700 4 750 3,000 7 8 760 6,080
Required information [The following information applies to the questions displayed below.] 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. Cost per Unit $730 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Units Total Cost $ 4,380 Beginning inventory Sale Purchase Sale Purchase Sale Purchase 4 740 3,700 4 750 3,000 7 8 760 6,080
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter20: Accounting For Inventory
Section: Chapter Questions
Problem 3AP
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