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[The following information applies to the questions displayed below.] Brianna's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Brianna's Boutique uses a periodic inventory system.

Date	Transactions	Units	Unit Cost	Total Cost
October 1	Beginning inventory	6	$770	$4,620
October 4	Sale	4
October 10	Purchase	5	780	3,900
October 13	Sale	3
October 20	Purchase	4	790	3,160
October 28	Sale	7
October 30	Purchase	7	800	5,600
				$17,280

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

Ending inventory
Cost of goods sold