The following information applies to the questions

Reference no: EM13604473

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 2012.

Date Transactions Units Cost per Unit Total Cost
October 1 Beginning inventory 6 $800 $ 4,800
October 4 Sale 4
October 10 Purchase 5 810 4,050
October 13 Sale 3
October 20 Purchase 4 820 3,280
October 28 Sale 7
October 30 Purchase 6 830 4,980

$17,110

Required:
1.Calculate ending inventory and cost of goods sold at October 31, 2012, 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. (Omit the "tiny_mce_markerquot; sign in your response.)

Ending inventory $
Cost of goods sold

Reference no: EM13604473

Questions Cloud

An object is acted on by a drag force with a magnitude : an object is acted on by a drag force with a magnitude that is proportional to the speed. the object accelerates

The florida fruit supply company uses bottles that are : the florida fruit supply company uses bottles that are labeled as containing 23 oz of orange juice. a random sample of

Determine the power output of the engine in kilowatts and : an engine rejects 1260 mjh when running at a thermal efficiency of 22. the calorific value of the fuel used is 42 mjkg.

What is the terminal velocity of a 600-kg mass object in : what is the terminal velocity of a 6.00-kg mass object in falling with a drag force with a magnitude that depends on

The following information applies to the questions : the following information applies to the questions displayed below.sandras purse boutique has the following

A 500-kg block is being pulled up a 130deg slope by a : a 50.0-kg block is being pulled up a 13.0deg slope by a force of 250 n which is parallel to the slope. the coefficient

A diesel engine uses 544 kg of fuel oilh of calorific : a diesel engine uses 54.4 kg of fuel oilh of calorific value 45 mjkg. the thermal efficiency of the engine is 25.

Scenario phyllis maintained an ira account at the brokerage : scenario phyllis maintained an ira account at the brokerage firm abc. on february 11 of the current year she requested

A child pulls a 300-kg sled across level ground at constant : a child pulls a 3.00-kg sled across level ground at constant velocity with a light rope that makes an angle 34.0deg

User Account

All Pages