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Required information [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
Required information [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. Total Cost ? $ 5,160 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Unit Transactions Units Cost Beginning 6 $860 inventory Sale Purchase 5 870 Sale Purchase 4 880 Sale Purchase 6 890 4,350 Viewu 3,520 5,340 $18,370 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold Required information [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. Unit Total Cost $ 5,160 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Units Cost Beginning 6 $860 inventory Sale Purchase 870 Sale Purchase 4 880 Sale Purchase 6 890 4,350 3,520 5,340 $18,370 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold Required information [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. Total Cost $ 5,160 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Units Cost Beginning 6 $860 inventory Sale Purchase 5 870 Sale Purchase Sale Purchase 6 890 4,350 View 880 3,520 5,340 $18,370 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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