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Required information Skip to question [The following information applies to the questions displayed below.] Sandras Purse Boutique has the following transactions related to its top-selling

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[The following information applies to the questions displayed below.] Sandras 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 Total Cost
October 1 Beginning inventory 6 $ 890 $ 5,340
October 4 Sale 4
October 10 Purchase 5 900 4,500
October 13 Sale 3
October 20 Purchase 4 910 3,640
October 28 Sale 7
October 30 Purchase 6 920 5,520
$ 19,000

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

4. Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31. (Round your intermediate and final answers to 2 decimal places.)

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