Sandra's Purse Boutique has the following transactions related to its top-selling Gucci purse for the month...
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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. Date Transactions Units Unit Cost Total Cost $ 840 $ 5,040 October 1 Beginning inventory Sale October 4 October 10 October 13 Purchase 850 4,250 Sale October 20 Purchase 860 3,440 October 28 Sale October 30 Purchase 870 6,090 $18,820 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 64nmtrn 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. Date Transactions Units Unit Cost Total Cost $ 840 $ 5,040 October 1 Beginning inventory Sale October 4 October 10 October 13 Purchase 850 4,250 Sale October 20 Purchase 860 3,440 October 28 Sale October 30 Purchase 870 6,090 $18,820 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 64nmtrn
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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