Required information Skip to question   [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.   Date   Transactions Units   Unit Cost   Total Cost October 1   Beginning inventory   6     $ 870       $ 5,220     October 4   Sale   4                       October 10   Purchase   5       880         4,400     October 13   Sale   3                       October 20   Purchase   4       890         3,560     October 28   Sale   7                       October 30   Purchase   7       900         6,300                               $ 19,480         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.)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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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.
 

Date   Transactions Units   Unit Cost   Total Cost
October 1   Beginning inventory   6     $ 870       $ 5,220    
October 4   Sale   4                      
October 10   Purchase   5       880         4,400    
October 13   Sale   3                      
October 20   Purchase   4       890         3,560    
October 28   Sale   7                      
October 30   Purchase   7       900         6,300    
                          $ 19,480    
 

 

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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