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The following information applies to the questions displayed below.] Alexandra's Boutique has the following transactions related to its top-selling Gucci purse for the month of
The following information applies to the questions displayed below.]
Alexandra's 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 | $ 850 | $ 5,100 |
October 4 | Sale | 4 | ||
October 10 | Purchase | 5 | 860 | 4,300 |
October 13 | Sale | 3 | ||
October 20 | Purchase | 4 | 870 | 3,480 |
October 28 | Sale | 7 | ||
October 30 | Purchase | 8 | 880 | 7,040 |
$ 19,920 |
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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