Check my work 17 Required information (The following information applies to the questions displayed below.) Part 1 of 4 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. 0.1 points Units 6 4 Unit Cost $890 Total Cost $ 5,340 900 4,500 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 5 3 4 910 3,640 eBook 7 6 920 5,520 $ 19,000 Print References 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 October 10 purchase and four purses from the October 20 purchase. Ending inventory Cost of goods sold X This is a numeric cell, so please enter numbers only. Check my work 18 Required information [The following information applies to the questions displayed below.) Part 2 of 4 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. 0.1 points Unit Cost $ 890 Total Cost $ 5,340 Transactions Beginning inventory Sale Purchase Sale Purchase Units 6 4 5 3 4 900 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 4,500 eBook 910 3,640 Sale 7 Purchase 6 920 Print 5,520 $19,000 References 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold Check my work 19 ! Required information Part 3 of 4 (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. 0.1 points Unit Cost $ 890 Total Cost $ 5,340 900 Units 6 4 5 3 4 4,500 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 eBook Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 910 3,640 6 920 Print 5,520 $19,000 References 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold Check my work 20 ! Required information [The following information applies to the questions displayed below.) Part 4 of 4 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. 0.1 points Units 6 Unit Cost $ 890 Total Cost $ 5,340 4 900 4,500 eBook Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 5 3 4 910 3,640 7 6 920 Print 5,520 $ 19,000 References 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.) Ending inventory Cost of goods sold
