4. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31. Note: Round your intermediate calculations to 4 decimal places and final answers to 2 decimal pla Ending inventory Cost of goods sold
4. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31. Note: Round your intermediate calculations to 4 decimal places and final answers to 2 decimal pla Ending inventory Cost of goods sold
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Rahul
![Required information
[The following information applies to the questions displayed below.]
Sara's Boutique has the following transactions related to its top-selling Gucci purse for the month of October.
Date
October 1
October 4
October 10
Unit Cost
$ 840
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
850
860
870
Total Cost
$ 5,040
4,250
3,440
6,090
$ 18,820
4. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31.
Note: Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F49e9675a-c30f-43f0-bf1e-8b8298192739%2Fcaaaea12-dc35-4f00-b0fa-c5419959947d%2F2wtoh98_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Sara's Boutique has the following transactions related to its top-selling Gucci purse for the month of October.
Date
October 1
October 4
October 10
Unit Cost
$ 840
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
850
860
870
Total Cost
$ 5,040
4,250
3,440
6,090
$ 18,820
4. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31.
Note: Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places.
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