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42 Required information [The following information applies to the questions displayed below.] Sara's Boutique has the following transactions related to its top-selling Gucci purse for
42 Required information [The following information applies to the questions displayed below.] Sara's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sara's Boutique uses a periodic inventory system. Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Answer is complete but not entirely correct. 7,860 X 11,620 X Ending inventory Cost of goods sold Units Unit Cost 6 $870 4 5 3 4 7 7 $ $ 880 890 900 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31. Total Cost $5,220 4,400 3,560 6,300 $19,480
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