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.

Required:

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.