Question

These are part 1, 2 and 3 of the same problem, not separate problems.
Required Information The following information applies to the questions displayed below.] Part 1 of 3 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. 1.5 points Units Unit Cost $830 Total Cost $ 4,980 840 4,200 Date October 1 October 4 October 1e October 13 October 2e October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase eBook 85e 3,480 85e 5,160 $17,740 References 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold

Answer 1

Periodic : FIFO Goods Purchasd cost of Goods Cost Available for Per Unit sales #of Units sold Cost of Goods Sold Cost of Cost Per Goods Unit Sold Inventory Balance Cost Ending # of Per Inventor Units Unit 6 830 4980 6 830 49800 8300 # of Units Beginning inventory Purchases Oot-101 Oot-201 Oct-28 Totals 5 4 6 211 840 850 860 42005084042000 8400 34001 31 850 25501 1 1 850 850 5160 0860068605160 1774014 11730 7 6 010 Cost of Goods Sold Cost Of Cost Per Goods Unit Sold | Inventory Balance Cost Ending # of Per Inventor Units Unity Periodic : LIFO Goods Purchasd cost of Goods # of Cost Available for Units # of Units Per Unit sales sold Beginning inventory 61 8301 49801 Purchases Oot- 10 5 8404200 4 Oct- 20 4 850 3400 Oot- 28 6 86015160 6 Totals 21 1 7740 a 830 0 6 830) 4980 840 41 840133601 850 3400 8601 5160 11920 1840 0 850 0 8601 5820 Cost of Goods Sold Average Cost of Cost per Goods unit Sold Inventory Balance Averag Ending #of e Cost Inventor Units per unit Periodic : average Cost Goods Purchasd Averag cost of Goods # of e Cost Available for Units # of Units per unit sales sold Beginning inventory 6 830 4980 Purchases Oot- 10 5 840 42001 Oct-201 41 850 3400 Oot-281 6 860 5160 Totals 21 844.76 177401 141 11827 71 844.7659131

6010 11730 First in First out Ending Inventory Cost of Goods sold Last in First Out Ending Inventory Cost of Goods sold Weighted Average Cost Ending Inventory Cost of Goods sold 5820 11920 5913 11827