ll.6 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.TransactionsDateOctober 1October 4October 10October 13October 20October 28October 30Beginning inventorySalePurchase.SalePurchaseSalePurchaseProblem 6-1A Part 4Ending inventoryCost of goods soldUnits Unit Cost$720647307407504Total Cost$ 4,3203,6502,9604,500$15,4304. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31. (Round your intermediate and finalanswers to 2 decimal places.)

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Description: ll.6 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-selli

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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.)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter7: Inventories: Cost Measurement And Flow Assumptions

Section: Chapter Questions

Problem 11RE: Jessie Stores uses the periodic system of calculating inventory. The following information is...

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Required Information Problem 6-1A (Algo) Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3) [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 Transactions Beginning inventory Sale Purchase Sale October 28 Purchase Sale October 30 Units Unit Cost Total Cost 6 $720 $4,320 4 5 730 3,650 3 4 740 2,960 7 Purchase 6 750 4,500 $15,430 Problem 6-1A (Algo) Part 2 2. Using FIFO, calculate ending Inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold
Subject - account Please help me. Thankyou.
How do I use FIFO in this question?
Rahul