Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3) [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. Transactions Date October 1 October 4. October 101 October 13 October 201 October 281 October 30 Beginning inventory Sale Purchase. Sale Purchase Sale Purchase Problem 6-1A Part 4 Ending inventory Cost of goods sold Units Unit Cost 6 $720 4 730 740 750 Total Cost $ 4,320 3,650 2,960 4,500 $15,430 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31. (Round your intermediate and final answers to 2 decimal places.)
Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3) [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. Transactions Date October 1 October 4. October 101 October 13 October 201 October 281 October 30 Beginning inventory Sale Purchase. Sale Purchase Sale Purchase Problem 6-1A Part 4 Ending inventory Cost of goods sold Units Unit Cost 6 $720 4 730 740 750 Total Cost $ 4,320 3,650 2,960 4,500 $15,430 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31. (Round your intermediate and final answers to 2 decimal places.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
ll.6
Transcribed Image Text:Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3)
[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.
Transactions
Date
October 1
October 4
October 10
October 13
October 20
October 28
October 30
Beginning inventory
Sale
Purchase.
Sale
Purchase
Sale
Purchase
Problem 6-1A Part 4
Ending inventory
Cost of goods sold
Units Unit Cost
$720
6
4
730
740
750
4
Total Cost
$ 4,320
3,650
2,960
4,500
$15,430
4. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31. (Round your intermediate and final
answers to 2 decimal places.)
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