Gadubhi Required information[The following information applies to the questions displayed below.]Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month ofOctober.DateOctober 1October 4October 10October 13October 20October 28 SaleOctober 30TransactionsBeginning inventorySalePurchaseSalePurchaseEnding inventoryCost of goods soldPurchaseUnits Unit Cost$ 8906453476900910920Total Cost$ 5,3404,5003,6405,520$ 19,0004. 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.

Under the weighted average model, the cost of the goods that are available for sale is divided by…

Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Transactions Beginning inventory Sale Purchase Sale October 20 Purchase October 28. Sale October 30 Purchase Date October 1 October 4 October 10 October 13 Units Unit Cost 6 $ 890 4 5 Ending inventory Cost of goods sold 3 4 7 6 900 910 920 Total Cost $5,340 4,500 3,640 5,520 $ 19,000 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.

Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Transactions Beginning inventory Sale Purchase Sale October 20 Purchase October 28. Sale October 30 Purchase Date October 1 October 4 October 10 October 13 Units Unit Cost 6 $ 890 4 5 Ending inventory Cost of goods sold 3 4 7 6 900 910 920 Total Cost $5,340 4,500 3,640 5,520 $ 19,000 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.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 67APSA: Inventory Costing Methods Andersons Department Store has the following data for inventory,...

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Calculate the cost of goods sold dollar value for B66 Company for the month, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for last-in, first-out (LIFO).
Calculate the cost of goods sold dollar value for B65 Company for the month, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for first-in, first-out (FIFO).
Required information [The following information applies to the questions displayed below.] Brianna'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 Transactions Beginning inventory. Sale Purchase Sale October 13 October 20 October 28 October 30 Purchase Sale Purchase Units Unit Cost $860 Ending inventory Cost of goods sold 6453476 870 880 890 Total Cost $5,160 4,350 3,520 5,340 $ 18,370 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31.
S Required information [The following information applies to the questions displayed below.] Alexandra's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Alexandra's Boutique uses a periodic inventory system. Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Ending inventory Cost of goods sold Purchase Sale Purchase Sale Purchase TOP Units 6453 476 Unit Cost $720 730 740 750 Total Cost $4,320 3,650 2,960 4,500 $15,430 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.
[The following information applies to the questions displayed below.] Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Ending inventory Cost of goods sold Units Unit Cost 6 $ 740 2,980 5,210: 34775553 750 760 770 Total Cost $ 4,440 3,750 3,040 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. 5,390 $ 16,620 ---
Required information [The following information applies to the questions displayed below.] Alexandra's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Alexandra's Boutique uses a periodic inventory system. 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 VEF Units 6453 476 Unit Cost $720 730 740 750 Total Cost $4,320 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. 3,650 2,960 4,500 $15,430 W Che
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 Date Transactions Units Unit Total Cost Beginning inventory Sale October 1 9. $ 4,620 October 4 4. 5. 3. October 10 780 Purchase October 13 Sale October 20 Purchase 3,160 4. 07 October 28 Sale October 30 Purchase $17,280 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold 重 a 42 69
Required information [The following information applies to the questions displayed below.] Alexandra's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Unit Cost $ 750 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 6 760 770 780 Total Cost $ 4,500 3,800 3,080 4,680 $ 16,060 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31.
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! Required information [The following information applies to the questions displayed below.] Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month of October, Brianna's Boutique uses a periodic inventory system. 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 Unit Cost $890 6 4 5 3 4 7 6 900 910 920 Total Cost $5,340 4,500 3,640 5,520 $19,000 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31.
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 Transactions October 11 Beginning inventory October 4 October 10 October 13: October 201 October 28 October 30 Sale Purchase Sale Purchase Sale Purchase Ending inventory Cost of goods sold Units Unit Cost 6 $ 840 4 5 3 4 7 7 850 860 870 Total Cost $ 5,040 4,250 3,440 6,090 $ 18,820 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31.
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. Sara's Boutique uses a periodic inventory system. Date Transactions October 1 Beginning inventory October 4 Sale October 10 Purchase October 13 Sale October 20 Purchase October 28 October 30 Sale Purchase Units 6 Unit Cost Total Cost $810 $4,860 4 5 820 4,100 3 4 830 3,320 7 7 840 5,880 $18,160 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. Answer is complete but not entirely correct. Ending inventory $ 6,720 Cost of…