all 1 wuestion

All 1 question

Required information Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3) The following information apples to the questions displayed below! Sandra's Purse Boutique has the following transactions related to its top-seling Gucci purse for the month of October Sandra's Purse Boutique uses a periodic inventory system, Date October 1 October 4 October 18 October 13 Temsactions eginning inventory Sale Purchase Sale Purchase Sale October 20 October 28 October 10 Purchase Problem 6-1A Part 1 Dits that Cost * $740 4 S 4 750 760 770 Total Cost $4,400 3,750 3,048 -5,300 $16,620 - 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. m Check my work Problem 6-1A Part 1 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 Problem 6-1A Part 2 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold M O 4 f