please answer this with must explanation , computation , for each steps and each parts answer in text form Required information[The following information applies to the questions displayed below.]Alexandra's Boutique has the following transactions related to its top-selling Gucci purse for the month of October.Alexandra's Boutique uses a periodic inventory system.DateOctober 1October 4TransactionsBeginning inventorySaleOctober 10PurchaseOctober 13SaleOctober 20October 28October 30PurchaseSalePurchaseUnits6Unit CostTotal Cost$820$4,920458304,150348403,360788506,800$19,2302. Using FIFO, calculate ending inventory and cost of goods sold at October 31.Ending inventory$Cost of goods sold$6,80012,4303. Using LIFO, calculate ending inventory and cost of goods sold at October 31.Ending inventoryCost of goods sold$3,4004. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31. (Round your intermediatecalculations to 4 decimal places and final answers to 2 decimal places.)Ending inventoryCost of goods sold

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Description: please answer this with must explanation , computation , for each steps and each parts answer in text form Required information[The following information applies to the questions displayed below.]Alexandra's Boutique has the following transactions re

First-in First-Out Method - Under the First-in First-Out Method, the company uses inventory in the…

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Required information [The following information applies to the questions displayed below.] Alexandra's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Alexandra's Boutique uses a periodic inventory system. Date October 1 October 4 October 10 Transactions Beginning inventory Sale Purchase October 13 Sale October 20 Purchase October 28 Sale October 30 Purchase Units 64534700 Unit Cost $820 Total Cost $4,920 830 4,150 840 3,360 850 6,800 $19,230 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory $ Cost of goods sold $ 6,800 12,430 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold $ 3,400 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.) Ending inventory Cost of goods sold

Required information [The following information applies to the questions displayed below.] Alexandra's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Alexandra's Boutique uses a periodic inventory system. Date October 1 October 4 October 10 Transactions Beginning inventory Sale Purchase October 13 Sale October 20 Purchase October 28 Sale October 30 Purchase Units 64534700 Unit Cost $820 Total Cost $4,920 830 4,150 840 3,360 850 6,800 $19,230 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory $ Cost of goods sold $ 6,800 12,430 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold $ 3,400 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.) Ending inventory Cost of goods sold

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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Required information [The following information applies to the questions displayed below.) Alexandra's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Alexandra's Boutique uses a periodic inventory system. Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units Unit Cost Total Cost 6 $720 $4,320 4 5 730 3,650 4 740 2,960 7 6 750 4,500 $15,430 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 I
Required information [The following information applies to the questions displayed below.] Sara's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sara's Boutique uses a periodic inventory system. Date Transactions October 1 Beginning inventory October 4 Sale October 10 Purchase October 13 Sale October 20 Purchase October 28 October 30 Sale Purchase Units 6 Unit Cost Total Cost $810 $4,860 4 5 820 4,100 3 4 830 3,320 7 7 840 5,880 $18,160 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. Answer is complete but not entirely correct. Ending inventory $ 6,720 Cost of…
Required information [The following information applies to the questions displayed below.] Alexandra's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Alexandra's Boutique uses a periodic inventory system. Date October 1 Transactions Beginning inventory October 4 Sale October 10 Purchase October 13 Sale October 20 Purchase October 28 October 30 Sale Purchase Units 6 Unit Cost Total Cost $880 $5,280 453478 890 4,450 900 3,600 910 7,280 $20,610 Using FIFO, calculate ending inventory and cost of goods sold at October 31. Answer is complete but not entirely correct. Ending inventory $ 6,370 x Cost of goods $ 14,280 × old
Required information [The following information applies to the questions displayed below.] Sara's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sara's Boutique uses a periodic inventory system. Date October 1 October 4 October 10 October 13 October 20 Transactions Beginning inventory Sale Purchase Sale Purchase October 28 Sale October 30 Purchase Units Unit Cost Total Cost 6453477 $810 $4,860 820 4,100 830 3,320 840 5,880 $18,160 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold
Required information [The following information applies to the questions displayed below.] Alexandra's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Alexandra's Boutique uses a periodic inventory system. Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Ending inventory Cost of goods sold VEF Units 6453 476 Unit Cost $720 730 740 750 Total Cost $4,320 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. 3,650 2,960 4,500 $15,430 W Che
S Required information [The following information applies to the questions displayed below.] Alexandra's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Alexandra's Boutique uses a periodic inventory system. Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Ending inventory Cost of goods sold Purchase Sale Purchase Sale Purchase TOP Units 6453 476 Unit Cost $720 730 740 750 Total Cost $4,320 3,650 2,960 4,500 $15,430 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.
Required information [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. Units 6. Unit Cost Date October 1 October 4 October 10 October 13 October 20 October 28 Transactions Total Cost $ 5,400 Beginning inventory Sale Purchase Sale Purchase Sale $900 4 910 4,550 4 920 3,680 7 October 30 Purchase 7 930 6,510 $20,140 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods 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 Transactions Beginning inventory Sale October 10 Purchase October 13 Sale October 20 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 X sold
Required information [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. Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Ending inventory Cost of goods sold Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units Unit Cost 6 $730 4 5 . 740 3 4 7 8 750 760 Total Cost $ 4,380 3,700 3,000 6,080 $17,160 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31.
Sara's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sara's Boutique uses a periodic inventory system. Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Ending inventory Cost of goods sold Purchase Sale Purchase Units 6453478 Unit Cost $760 770 780 790 Total Cost $4,560 3,850 3,120 6,320 $17,850 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31.
Required information [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. Cost per Date Transactions Units Unit Total Cost Beginning inventory Sale October 1 9. $ 4,620 October 4 4. 5. 3. October 10 780 Purchase October 13 Sale October 20 Purchase 3,160 4. 07 October 28 Sale October 30 Purchase $17,280 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold 重 a 42 69
Required information [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. Date October 1 October 4 October 10 Transactions Beginning inventory Sale Purchase Sale Purchase Sale October 13 October 20 October 28 October 30 Purchase Ending inventory Cost of goods sold Units 6 4 5 3 4 7 8 Unit Cost $ 820 830 840 850 Total Cost $ 4,920 4,150 3,360 6,800 $19,230 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.