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. Date October 1 October 4 Transactions Beginning inventory Units Unit Cost Total Cost 6 $750 $ 4,500 Sale 4 October 10 October 13 October 20 Purchase 5 760 3,800 Sale 3 Purchase 4 770 3,080 October 28 October 30 Sale 7 Purchase 6 780 4,680 $16,060 2. Using FIFO, calculate ending Inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold