[The following information applies to the questions displayed below.) 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 Unit Cost 5710 Total cost 54,260 720 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 3,600 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 6 4 5 3 4 7 7 730 2,928 740 5.180 $15,960 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31 Ending inventory Cost of goods sold CHAPTER 6 HOMEWORK ASSIGNMENT 1 Pantof required informeuon {The following information applies to the questions displayed below! Sandra's Purse Boutique has the following transactions related to its top-selling Guce purse for the month of October Sandra's Purse Boutique uses a periodic inventory system Date Transactions Units Unit Cost Total cost October 1 Beginning Inventory 6 5 710 54,260 October 4 Sale 4 October 10 Purchase 5 720 3,600 October 13 Sate October 20 Purchase 730 2,920 October 26 Sale October 30 Purchase 5,100 $15.960 10 2 7 Required: 1. Calculate ending inventory and cost of goods sold at October 31, using the specific identification method. The October 4 sale consists of purses from beginning inventory, the October 13 sale consists of one purse from beginning inventory and two purses from the October 10 purchase, and the October 28 sale consists of three purses from the October 10 purchase and four purses from the October 20 purchase Ending inventory Cost of goods sold 5 $ 5910 10.050 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 Unit Cost 5 710 Total cost $ 4,260 720 Date October 1 October 4 October 10 October 13 October 20 October 20 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sole Purchase Units 6 4 5 3 4 2 7 3,600 730 2,920 740 5,150 $15,960 4. Using weighted average cost, calculate ending inventory and cost of goods sold at October 31. (Round your intermediate and final answers to 2 decimal places.) Ending inventory Cost of goods sold The following information applies to the questions displayed below! Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March Greg's Bicycle Shop uses a periodic inventory system Date Transactions Units Unit Cost Total Cost March 1 Beginning Inventory $ 195 53,900 March 5 Sale (5200 each March . Purchase 10 215 2,150 March 17 Sale (5340 each) 8 Purchase 2,250 March 27 SH | | | 12 March 30 Purchase 245 1.215 $10,015 20 15 March 22 10 225 7 For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sate consists of four bikes from beginning inventory and eight bikes from the March 22 purchase. Required: 1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method Ending inventory Cost of goods sold Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March Greg's Bicycle Shop uses a periodic inventory system Date Transactions Units Unilt cost Total Cost March 1 Beginning inventory 20 $195 $ 3,900 March 5 Sale ($290 each) 15 March 9 Purchase 10 215 2,150 March 17 Sale (5340 each) March 22 Purchase 225 2.250 Harch 27 Sale ($365 tach) March 30 Purchase 245 1.215 $10,015 10 12 7 For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22. purchase 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31 Ending Inventory Cost of goods sold 7 Part 3 of 7 10 po Required information [The following information applies to the questions displayed below! Greg's Bicycle Shop has the following uansactions related to its top-selling Mongoose mountain bike for the month of March Greg's Bicycle Shop uses a periodic Inventory system Date Transactions Units Unit Cost Total Cost March Beginning inventory 20 $155 5 3.100 March Sale $290 sch) 15 March . Purchase 10 215 2,150 March 17 Sale (5340 each March 22 Purchase 10 225 2.250 narch 27 Sale (1365.ch) 12 March Purchase 245 11215 $10.015 For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight biles from the March 22 purchase 3. Using LIFOcalculate ending inventory and cost of goods sold at March 31 Ending entory Cost of goods sold