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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

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

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

Ending inventory
Cost of goods sold

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