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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
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 | Transactions | Units | Unit Cost | Total Cost |
---|---|---|---|---|
October 1 | Beginning inventory | 6 | $800 | $4,800 |
October 4 | Sale | 4 | ||
October 10 | Purchase | 5 | 810 | 4,050 |
October 13 | Sale | 3 | ||
October 20 | Purchase | 4 | 820 | 3,280 |
October 28 | Sale | 7 | ||
October 30 | Purchase | 6 | 830 | 4,980 |
$17,110 |
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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