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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 for the month of
[The following information applies to the questions displayed below.]
Brianna'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 | $ 740 | $ 4,440 |
October 4 | Sale | 4 | ||
October 10 | Purchase | 5 | 750 | 3,750 |
October 13 | Sale | 3 | ||
October 20 | Purchase | 4 | 760 | 3,040 |
October 28 | Sale | 7 | ||
October 30 | Purchase | 7 | 770 | 5,390 |
$ 16,620 |
Please make sure to follow the decimal note mentioned, thanks!
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 placesStep by Step Solution
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