Date October Transactions Units Beginning inventory 6 $700 Unit Cost $ 4,200 Total Cost October 4 October 10 Sale 4 Purchase 710 3,550 October 131 October 20 October 28 October 30 Sale 3 Purchase 4 720 2,880 Sale 7 Purchase B 730 5,840 $16,470 Check m 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