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Required information [The following information applies to the questions displayed below.] Sandras 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.] Sandras 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 $ 810 $ 4,860
October 4 Sale 4
October 10 Purchase 5 820 4,100
October 13 Sale 3
October 20 Purchase 4 830 3,320
October 28 Sale 7
October 30 Purchase 7 840 5,880
$ 18,160

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.)

image text in transcribed

Ending inventory Cost of goods sold

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