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Required information Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (L06-3) The following information applies to the questions displayed

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Required information Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (L06-3) 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 Units Unit Cost $22a Total Cost $ 4,620 Date October 1 October 4 October 10 October 13 October 2e October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 780 3. see 790 3,160 5.600 $17,280 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 goods sold Required information Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3) 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. Units Unit Cost $770 Total Cost $ 4,620 02.56.21 780 3,900 Date October 1 October 4 October 1e October 13 October ze October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 3,160 $17.20 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 Required information Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (L06-3) 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. Units Unit Cost $ 770 Total Cost $ 4,620 3,900 Date Transactions October 1 Beginning inventory October 4 Sale October 10 Purchase October 13 Sale October 20Purchase October 28 Sale October 30 Purchase 790 3,360 800 5.60 $17,280 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

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