1 1 [The following information applies to the questions displayed below) Sandra's Purse Boutique has the following transactions related to its top seling Gucci purse for the month of October Sandra's Purse Boutique uses a periodic inventory system, Part of 4 Units Unit Cost $730 Total Cost $4,10 740 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 3,700 Date October 1 October 4 October 10 October 13 October 20 October 20 October 30 2 4 5 3 4 7 50 3.000 Skepped 760 6,000 $17,160 References 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