! Required information [The following information applies to the questions displayed below.] 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. Date October 1 October 4. October 10 Transactions Beginning inventory Sale October 13 October 20 Purchase Sale Purchase October 28. October 30 Sale Purchase Units Unit Cost Total Cost 6 $770 $4,620 4 5 780 3,900 3 4 790 3,160 7 7 800 5,600 $17,280 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31. (Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places.) Answer is complete but not entirely correct. Ending inventory $ 6,370.00 × Cost of goods $ 10,910.00 sold
! Required information [The following information applies to the questions displayed below.] 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. Date October 1 October 4. October 10 Transactions Beginning inventory Sale October 13 October 20 Purchase Sale Purchase October 28. October 30 Sale Purchase Units Unit Cost Total Cost 6 $770 $4,620 4 5 780 3,900 3 4 790 3,160 7 7 800 5,600 $17,280 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31. (Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places.) Answer is complete but not entirely correct. Ending inventory $ 6,370.00 × Cost of goods $ 10,910.00 sold
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required information
[The following information applies to the questions displayed below.]
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.
Date
October 1
October 4.
October 10
Transactions
Beginning inventory
Sale
October 13
October 20
Purchase
Sale
Purchase
October 28.
October 30
Sale
Purchase
Units
Unit Cost
Total Cost
6
$770
$4,620
4
5
780
3,900
3
4
790
3,160
7
7
800
5,600
$17,280
4. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31.
(Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places.)
Answer is complete but not entirely correct.
Ending inventory $
6,370.00 ×
Cost of goods
$
10,910.00
sold](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa413494d-8088-48d8-a729-742f61009107%2Fd42e9535-a38a-4d22-aaa0-a878c5bc1637%2Fmo77a6m_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
[The following information applies to the questions displayed below.]
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.
Date
October 1
October 4.
October 10
Transactions
Beginning inventory
Sale
October 13
October 20
Purchase
Sale
Purchase
October 28.
October 30
Sale
Purchase
Units
Unit Cost
Total Cost
6
$770
$4,620
4
5
780
3,900
3
4
790
3,160
7
7
800
5,600
$17,280
4. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31.
(Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places.)
Answer is complete but not entirely correct.
Ending inventory $
6,370.00 ×
Cost of goods
$
10,910.00
sold
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