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Sandra's Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Date Transactions Units Unit Cost Total
Sandra's Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Date Transactions Units Unit Cost Total Cost October 1 Beginning inventory 6 $ 900 $ 5,400 October 4 October 10 October 13. October 20 Sale Purchase 910 4,550 Sale Purchase 920 3,680 October 28 Sale October 30 Purchase 930 6,510 $ 20,140 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory $ 6,180 Cost of goods sold $ 11,100 Sandra's Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Date: October 1 Transactions Beginning inventory Units Unit Cost Total Cost 6 $ 900 $ 5,400 October 4 Sale 4 October 10 Purchase 5 910 4,550 October 13 October 20 October 28 October 30 Sale 3 Purchase 4 920 3,680 Sale Purchase 930 6,510 $ 20,140 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31. Note: Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places. Ending inventory Cost of goods sold
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