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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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 of
October.
Date
October 1
October 4
October 10
October 13
October 20
October 28 Sale
October 30
Transactions
Beginning inventory
Sale
Purchase
Sale
Purchase
Ending inventory
Cost of goods sold
Purchase
Units Unit Cost
$ 890
6453476
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F151a2c68-45fd-45f8-94af-31e30f14d0a7%2F7b136c5b-23c6-409a-be75-aab409b37db0%2Fzt6tiq_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
October 13
October 20
October 28 Sale
October 30
Transactions
Beginning inventory
Sale
Purchase
Sale
Purchase
Ending inventory
Cost of goods sold
Purchase
Units Unit Cost
$ 890
6453476
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.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education