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[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
Transactions
Units
Unit Cost
Total Cost
October 1
Beginning inventory
6
$770
$4,620
October 4
Sale
4
October 10
Purchase
5
780
3,900
October 13
Sale
3
October 20
Purchase
4
790
3,160
October 28
Sale
7
October 30
Purchase
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.)
Ending inventory
Cost of goods sold
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