Required information Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3) [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. Date Transactions Units Unit Cost October 1 Beginning inventory 6 $760 Total Cost $ 4,560 October 4 Sale 4 October 10 Purchase 5 770 3,850 October 13 Sale 3 October 20 Purchase 4 780 3,120 October 28 Sale 7 October 30 Purchase 8 790 6,320 $17,850 Problem 6-1A Part 2 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold < Prev 3 4 5 of 5 Next >