Sara's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sara's Boutique uses a periodic inventory system. Date October 1 Transactions Beginning inventory October 4 Sale October 10 Purchase October 13 October 20 October 28 October 30 Sale Purchase Sale Purchase 645347N Units 6 Unit Cost $810 Total Cost $4,860 820 4,100 830 3,320 7 840 5,880 $18,160 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.)
Sara's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sara's Boutique uses a periodic inventory system. Date October 1 Transactions Beginning inventory October 4 Sale October 10 Purchase October 13 October 20 October 28 October 30 Sale Purchase Sale Purchase 645347N Units 6 Unit Cost $810 Total Cost $4,860 820 4,100 830 3,320 7 840 5,880 $18,160 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
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Sara's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sara's
Boutique uses a periodic inventory system.
Date
October 1
Transactions
Beginning inventory
Units
6
Unit Cost
Total Cost
$810
$4,860
October 4
Sale
October 10
Purchase
October 13
October 20
October 28
October 30
Sale
Purchase
Sale
Purchase
453477
5
820
4,100
830
3,320
840
5,880
$18,160
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.)
Ending inventory
Cost of goods sold](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F96933eaf-2907-4d7e-bfa9-fc63cfc37fc9%2F26354e83-0716-443d-be91-0d3ee9b0644f%2Fnafi7a_processed.jpeg&w=3840&q=75)
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Required information
[The following information applies to the questions displayed below.]
Sara's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sara's
Boutique uses a periodic inventory system.
Date
October 1
Transactions
Beginning inventory
Units
6
Unit Cost
Total Cost
$810
$4,860
October 4
Sale
October 10
Purchase
October 13
October 20
October 28
October 30
Sale
Purchase
Sale
Purchase
453477
5
820
4,100
830
3,320
840
5,880
$18,160
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.)
Ending inventory
Cost of goods sold
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