5:45 PM Tue Mar 5 Done Homework Ch 6 3 Part 1 of 4 0.83 points eBook Print References AA Mc Graw Hill 1 Required information Problem 6-1A (Algo) Calculate ending inventory and cost of goods sold for four inventory methods (LO6- 3) [The following information applies to the questions displayed below.] Date October 1 October 4 October 10 October 13 October 20 October 28 Sale October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Brianna's Boutique uses a periodic inventory system. Purchase Problem 6-1A (Algo) Part 1 Ending inventory Cost of goods sold ezto.mheducation.com Saved Prev Units Unit Cost 6 $770 4 5347a 780 790 800 Total Cost $4,620 3 4 5 6 3,900 3, 160 5,600 $17,280 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. Help of 10 Next Save & Exit Submit Check my work * 95%
5:45 PM Tue Mar 5 Done Homework Ch 6 3 Part 1 of 4 0.83 points eBook Print References AA Mc Graw Hill 1 Required information Problem 6-1A (Algo) Calculate ending inventory and cost of goods sold for four inventory methods (LO6- 3) [The following information applies to the questions displayed below.] Date October 1 October 4 October 10 October 13 October 20 October 28 Sale October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Brianna's Boutique uses a periodic inventory system. Purchase Problem 6-1A (Algo) Part 1 Ending inventory Cost of goods sold ezto.mheducation.com Saved Prev Units Unit Cost 6 $770 4 5347a 780 790 800 Total Cost $4,620 3 4 5 6 3,900 3, 160 5,600 $17,280 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. Help of 10 Next Save & Exit Submit Check my work * 95%
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 41BE: ( Appendix 6B) Inventory Costing Methods: Periodic Inventory Systems. Refer to the information for...
Related questions
Question
![5:45 PM Tue Mar 5
Done
Homework Ch 6
3
Part 1 of 4
0.83
points
eBook
Print
References
AA
Mc
Graw
Hill
1
Required information
Problem 6-1A (Algo) Calculate ending inventory and cost of goods sold for four inventory methods (LO6-
3)
[The following information applies to the questions displayed below.]
Date
October 1
October 4
October 10
October 13
October 20
October 28 Sale
October 30
Transactions
Beginning inventory
Sale
Purchase
Sale
Purchase
Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Brianna's
Boutique uses a periodic inventory system.
Purchase
Problem 6-1A (Algo) Part 1
Ending inventory
Cost of goods sold
ezto.mheducation.com
Saved
Prev
Units Unit Cost
6
$770
4
5347a
780
790
800
Total Cost
$4,620
3 4 5 6
3,900
3, 160
5,600
$17,280
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.
Help
of 10
Next
Save & Exit Submit
Check my work
* 95%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb409832e-8a67-436c-b51d-d798666391b3%2F473fb42a-d9e2-44ce-b643-ed2c6857efe8%2Fz2i9k4a_processed.png&w=3840&q=75)
Transcribed Image Text:5:45 PM Tue Mar 5
Done
Homework Ch 6
3
Part 1 of 4
0.83
points
eBook
Print
References
AA
Mc
Graw
Hill
1
Required information
Problem 6-1A (Algo) Calculate ending inventory and cost of goods sold for four inventory methods (LO6-
3)
[The following information applies to the questions displayed below.]
Date
October 1
October 4
October 10
October 13
October 20
October 28 Sale
October 30
Transactions
Beginning inventory
Sale
Purchase
Sale
Purchase
Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Brianna's
Boutique uses a periodic inventory system.
Purchase
Problem 6-1A (Algo) Part 1
Ending inventory
Cost of goods sold
ezto.mheducation.com
Saved
Prev
Units Unit Cost
6
$770
4
5347a
780
790
800
Total Cost
$4,620
3 4 5 6
3,900
3, 160
5,600
$17,280
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.
Help
of 10
Next
Save & Exit Submit
Check my work
* 95%
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