My w Unit Cost $700 Total cost $ 4.200 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 6 4 5 3 4 7 9 710 3,550 720 2.890 730 5, 840 $16,470 Problem 6-1A Part 1 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 onde se 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 Units Unit Cost Total cost October 1 Beginning inventory 6 $700 $.4.200 October 4 4 October 10 Purchase 5 710 3,550 October 13 Sale October 20 Purchase 720 2,880 October 28 Salo October 30 Purchase 730 5,840 516,470 Sale 3 4 8 Problem 6-1A Part 2 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31 Ending inventory Cost of goods sold 38 13 17 Next > 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 Units Unit cost Total Cost October 1 Beginning inventory 0 $700 $4,200 October 4 Sale 4 October 10 Purchase 5 710 3,550 October 13 Sale 3 October 20 Purchase 720 2, 530 October 28 Sale 2 October 30 Purchase 8 730 5, 840 $16,470 Problem 6-1A Part 3 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31, Ending inventory Cost of goods sold 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 Units Unit Cost Total Cost October 1 Beginning inventory 6 $700 $ 4,200 October 4 Sale 4 October 10 Purchase 5 710 3,550 October 13 Sale 3 October 20 Purchase 720 2,880 October 28 Sale 7 October 30 Purchase 730 5,840 $16, 470 4 8 Problem 6-1A Part 4 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 13 Prev of 17 Next >