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 6 4 5 3 4 Unit Cost $890 900 910 920 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. (Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places.)
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 6 4 5 3 4 Unit Cost $890 900 910 920 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. (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
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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 Sale.
October 20
October 28
October 30
Transactions
Beginning inventory
Sale
Purchase
Ending inventory
Cost of goods sold
Purchase.
Sale:
Purchase
Units
6
4
5
3
4
Unit Cost
$890
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. (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%2Fd6d44b97-ed8e-4bbf-b458-eb1f9584d350%2Ff12be4b9-0d3a-443e-b0ee-75883eee27e0%2Fp3foh3w_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. Brianna's
Boutique uses a periodic inventory system.
Date
October 1
October 4
October 10
October 13 Sale.
October 20
October 28
October 30
Transactions
Beginning inventory
Sale
Purchase
Ending inventory
Cost of goods sold
Purchase.
Sale:
Purchase
Units
6
4
5
3
4
Unit Cost
$890
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. (Round your intermediate
calculations to 4 decimal places and final answers to 2 decimal places.)
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