Chapter 6 Homework Saved Help 17 Part 14 01 point Required information [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 Transaction Units Unit Cost Total Coat October 1 Beginning inventory 6 $ 5,040 October 4 Sale October 10 Purchase 5 850 4,250 October 13 Solo Detober 20 Purchase 360 October 20 1,440 Sale October 10 870 5,090 510,820 2012 Purchase Required: 1. Calculate ending inventory and cost of goods sold at October 31, using the specific identification method. The October 4 sale consists of purses from beginning inventory, the October 13 sale consists of one purse from beginning inventory and two purses from the October 10 purchase, and the October 28 sale consists of three purses from the pctober 10 purchase and four purses from the October 20 purchase Ending inventory Cost of goods sold 5 6.640 Graw 18 Part 2 01 Do Required information The following information applies to the questions displayed below) Sandra's Purse Boutique has the following transactions related to its top-selling Gucc/purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system. Date Transactions Units Unit Cost Total Cost October 1 Beaning Lnventory 6 $840 $ 5,040 October Sale 4 October 10 Purchase 5 050 4,250 October 13 Bale October 20 Purchase 860 3.440 October 20 sale October 30 Purchase 6.090 $18.820 8 os 4 70 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31 Ending inventory Cont of goods sold 19 Part 3 of 01 pi Required information 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 Unite Unit Cont Total Cost October Beginning inventory $840 $ 5,040 October 4 sale October 10 Purchase 850 4,250 October 13 salo Detober 20 Purchase 160 3, 440 October 20 Sale Oetober 30 Purchase 870 6,090 $38,620 9 4 5 3 4 7 7 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31, Ending inventory Cost of goods sold 20 Part 4 of 4 01 pointe Required information (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. bate Transactions tinite Onit cost Total Coat October 1 Beginning inventory 6 5840 $5,040 Detober Sale 4 Detober 10 Purchase 5 850 4,250 October 1 sale October 20 Purchase 4 860 3.400 October 28 Bale October 10 Purchase 810 6090 510,020 80130 4. Using weighted average cost calcule ending inventory and cost of goods sold ot October 31 (Round your intermediate and final answers to 2 decimal places.) Ending Wantory Cost of goods sold Chapter 6 Homework Saved Help 17 Part 14 01 point Required information [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 Transaction Units Unit Cost Total Coat October 1 Beginning inventory 6 $ 5,040 October 4 Sale October 10 Purchase 5 850 4,250 October 13 Solo Detober 20 Purchase 360 October 20 1,440 Sale October 10 870 5,090 510,820 2012 Purchase Required: 1. Calculate ending inventory and cost of goods sold at October 31, using the specific identification method. The October 4 sale consists of purses from beginning inventory, the October 13 sale consists of one purse from beginning inventory and two purses from the October 10 purchase, and the October 28 sale consists of three purses from the pctober 10 purchase and four purses from the October 20 purchase Ending inventory Cost of goods sold 5 6.640 Graw 18 Part 2 01 Do Required information The following information applies to the questions displayed below) Sandra's Purse Boutique has the following transactions related to its top-selling Gucc/purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system. Date Transactions Units Unit Cost Total Cost October 1 Beaning Lnventory 6 $840 $ 5,040 October Sale 4 October 10 Purchase 5 050 4,250 October 13 Bale October 20 Purchase 860 3.440 October 20 sale October 30 Purchase 6.090 $18.820 8 os 4 70 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31 Ending inventory Cont of goods sold 19 Part 3 of 01 pi Required information 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 Unite Unit Cont Total Cost October Beginning inventory $840 $ 5,040 October 4 sale October 10 Purchase 850 4,250 October 13 salo Detober 20 Purchase 160 3, 440 October 20 Sale Oetober 30 Purchase 870 6,090 $38,620 9 4 5 3 4 7 7 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31, Ending inventory Cost of goods sold 20 Part 4 of 4 01 pointe Required information (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. bate Transactions tinite Onit cost Total Coat October 1 Beginning inventory 6 5840 $5,040 Detober Sale 4 Detober 10 Purchase 5 850 4,250 October 1 sale October 20 Purchase 4 860 3.400 October 28 Bale October 10 Purchase 810 6090 510,020 80130 4. Using weighted average cost calcule ending inventory and cost of goods sold ot October 31 (Round your intermediate and final answers to 2 decimal places.) Ending Wantory Cost of goods sold