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Required: Find the answers that are below. To help you check your work for the...

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Accounting

Required: Find the answers that are below. To help you check your work for the prob the ending inventory is below as well
1) Ending Inventory = $7,410
2) Ending Inventory = $7,430
3) Ending Inventory = $7,220
4) Ending Inventory = $7,324(rounded)
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.
Using FIFO, calculate ending inventory and cost of goods sold at October 31.
Using LIFO, calculate ending inventory and cost of goods sold at October 31.
Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31.
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