Required Information [The following information applies to the questions displayed below) Sandra's Purse Boutique has the following transactions related to as top-selling Gucci purse for the month of October Sandra's Purse Boutique uses a periodic Inventory system. cate Transactions Units October 3 Beginning inventory 6. $888 $5,280 October 4 Sale 4 October 10 Purchase $ 890 4,450 October 13 Sale October 20 Purchase 4 3,600 October 26 October 30 Sale Purchase 920 7,280 $20,618 Required: 1. Calculate ending inventory and cost of goods sold at October 31, using the specific Identification method. The October 4 sales consists of purses from beginning inventory, the October 13 sale consists of one purse from beginning Inventory and two parse the October 10 purchase, and the October 28 sale consists of three purses from the October 10 purchase and four purses from October 20 purchase. Ending inventory Cost of goods sold