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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
The following information applies to the questions displayed below.
Brianna's Boutique has the following transactions related to its topselling Gucci purse for the month of October. Brianna's Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October Beginning inventory $ $
October Sale
October Purchase
October Sale
October Purchase
October Sale
October Purchase
$
Calculate ending inventory and cost of goods sold at October using the specific identification method. The October sale consists of purses from beginning inventory, the October sale consists of one purse from beginning inventory and two purses from the October purchase, and the October sale consists of three purses from the October
Ending inventory:
Cost of goods sold:
Using FIFO, calculate ending inventory and cost of goods sold at October
Ending inventory :
Cost of goods sold:
Using LIFO, calculate ending inventory and cost of goods sold at October
Ending inventory :
Cost of goods sold:
Using weightedaverage cost, calculate ending inventory and cost of goods sold at October Round your intermediate cal
Ending inventory :
Cost of goods sold:
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