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Required information Skip to question [ The following information applies to the questions displayed below. ] Sara's Boutique has the following transactions related to its

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[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 Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $700 $4,200
October 4 Sale 4
October 10 Purchase 57103,550
October 13 Sale 3
October 20 Purchase 47202,880
October 28 Sale 7
October 30 Purchase 87305,840
$16,470
2. Using FIFO, calculate ending inventory and cost of goods sold at October 31.

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