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.

Units Unit Cost $810 Total Cost $ 4,860 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 820 4,100 B30 3,320 840 5.380 $18, 160 * Answer is complete but not entirely correct. $ Ending inventory Cost of goods sold 11,510 X ,650 X S 6