Required:

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.

Using FIFO, calculate ending inventory and cost of goods sold at October $31.$

Using LIFO, calculate ending inventory and cost of goods sold at October $31.$

Using weighted$-$average cost, calculate ending inventory and cost of goods sold at October $31.$

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