Check my work Required information 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. Sandra's Purse Boutique uses a periodic inventory system Total Cost $ 4,980 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units Unit Cost 6 $ 830 4 3 840 3 4 850 2 5 860 4,200 3.400 5,160 $17,740 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 Prek 1 2 3 4 of 14 Next > F7 & Ret ! Required information [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. Sandra's Purse Boutique uses a periodic inventory system. Transactions Units Unit Cost Total Cost October 1 Beginning inventory 6 $830 $ 4,980 October 4 Sale 4 October 10 Purchase 5 840 4,200 October 13 Sale 3 October 20 Purchase 850 3,400 October 28 Sale 7 October 30 Purchase 6 860 5,160 $17,740 Date 4 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Answer is complete but not entirely correct. IS 9,180 Ending inventory Cost of goods sold $ 11,760