S Sara's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Unit Cost $ 730 740 750 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 Units 6 4 5 3 4 7 8 760 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.

! 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 Unit $730 Date Transactions Units Total Cost October 1 $ 4,380 Beginning inventory Sale Purchase 6 October 4 4 October 10 740 3,700 October 13 Sale 3 October 20 Purchase 4 750 3,000 October 28 Sale 7 October 30 Purchase 8 760 6,080 $17,160 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.] 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 October 13 October 20 October 28 Sale 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 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31.

[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 Transactions Units Unit Cost Total Cost $ 5,400 October 1 October 4 October 10 October 13 October 20 October 28 Beginning inventory Sale Purchase $900 4 5 910 4,550 Sale Purchase Sale 920 3,680 7 930 6,510 $20,140 October 30 Purchase 7 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.) X Answer is complete but not entirely correct. Ending inventory $ 6,713.00 X Cost of goods sold $ 13,426.00 X

Vinu Bhai

You have the following information for Bramble Inc. for the month ended June 30, 2022. Bramble uses a periodic inventory system. Date   Description   Quantity   Unit Cost orSelling Price June   1   Beginning inventory   40     $31   June   4   Purchase   135     34   June   10   Sale   110     61   June   11   Sale return   15     61   June   18   Purchase   55     37   June   18   Purchase return   10     37   June   25   Sale   65     67   June   28   Purchase   35     41

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

1) Transactions for the month of July for Shelly's Bookstore were as follows: Purchases July 1 8 (balance) 500 @ $7.30 1,300 @ $7.40 22 700 @ $7.60 30 250 @ $7.75 Sales July 3 12 350 @ $9.50 900 @ 9.75 25 800 @ 10.00 Assuming that perpetual inventory records are kept in dollars and units, determine the ending inventory and cost of goods sold using a. FIFO. b. LIFO. c. Periodic Weighted Average cost (round unit prices to the nearest cent).

Shellhammer Company's inventory records show the following data for the month of September: Inventory, September 1 100 Purchases: September 8 Units September 18 350 Ending inventory 450 Cost of goods sold Unit Cost $3.34 3.50 A physical inventory on September 30 shows 200 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses FIFO inventory costing and a periodic inventory system. 3.70