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Required information Skip to question [The following information applies to the questions displayed below.] Brianna's Boutique has the following transactions related to its top-selling Gucci
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[The following information applies to the questions displayed below.] Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Brianna's Boutique uses a periodic inventory system.
Date | Transactions | Units | Unit Cost | Total Cost |
---|---|---|---|---|
October 1 | Beginning inventory | 6 | $770 | $4,620 |
October 4 | Sale | 4 | ||
October 10 | Purchase | 5 | 780 | 3,900 |
October 13 | Sale | 3 | ||
October 20 | Purchase | 4 | 790 | 3,160 |
October 28 | Sale | 7 | ||
October 30 | Purchase | 7 | 800 | 5,600 |
$17,280 |
4. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31. (Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places.)
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