! Required information 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. Units 6 4 5 Cost per Unit $750 Total Cost $ 4,500 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 760 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 3.800 770 3,080 780 4.680 $16,060 Required: 1. Calculate ending inventory and cost of goods sold at October 31, using the specific identification method. The October 4 sale consists of purses from beginning inventory, the October 13 sale consists of one purse from beginning inventory and two purses from the October 10 purchase, and the October 28 sale consists of three purses from the October 10 purchase and four purses from the October 20 purchase. Answer is complete but not entirely correct. $ 70 Ending inventory Cost of goods sold $ 10,670 Required information {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. Cost per Unit $750 Total Cost $ 4,500 Units 6 4 5 760 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 3.800 770 3,080 4 7 6 780 4.680 $16.060 2 Using FIFO, calculate ending inventory and cost of goods sold at October 31. $ 7 Ending inventory Cost of goods sold $ 10,670 ! Required information {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. Cost per Units Unit $750 Total Cost $ 4,500 760 3.800 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 6453476 770 3,080 780 4.680 $16,060 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31. Answer is complete but not entirely correct. $ 5,250 Ending inventory Cost of goods sold $ 10,810