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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
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. Cost per Date Transactions Units Unit 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. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Ending inventory Cost of goods sold
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