Question
Required information 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
Required information
Sandra's Purse Boutique has the following transactions related to its top-sellingGuccipurse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October1 Beginning inventory 6 $760 $4,560
October4 Sale 4
October10 Purchase 5 770 3,850
October13 Sale 3
October20 Purchase 4 780 3,120
October28 Sale 7
October30 Purchase 8 790 6,320
$17,850
4.Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31.(Round your intermediate and final answersto 2 decimal places.)
Ending Inventory:
Cost of goods sold:
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