ll.6 Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3)[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.TransactionsDateOctober 1October 4October 10October 13October 20October 28October 30Beginning inventorySalePurchase.SalePurchaseSalePurchaseProblem 6-1A Part 4Ending inventoryCost of goods soldUnits Unit Cost$720647307407504Total Cost$ 4,3203,6502,9604,500$15,4304. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31. (Round your intermediate and finalanswers to 2 decimal places.)

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Description: ll.6 Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3)[The following information applies to the questions displayed below.)Sandra's Purse Boutique has the following transactions related to its top-selli

Inventory is one of important asset being used in business. Under weighted average method, cost of…

Business

Accounting

Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3) [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. Transactions Date October 1 October 4. October 101 October 13 October 201 October 281 October 30 Beginning inventory Sale Purchase. Sale Purchase Sale Purchase Problem 6-1A Part 4 Ending inventory Cost of goods sold Units Unit Cost 6 $720 4 730 740 750 Total Cost $ 4,320 3,650 2,960 4,500 $15,430 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.)

Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3) [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. Transactions Date October 1 October 4. October 101 October 13 October 201 October 281 October 30 Beginning inventory Sale Purchase. Sale Purchase Sale Purchase Problem 6-1A Part 4 Ending inventory Cost of goods sold Units Unit Cost 6 $720 4 730 740 750 Total Cost $ 4,320 3,650 2,960 4,500 $15,430 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.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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