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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
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. Transactions Total Cost October 1 Beginning inventory $800 Date Units Unit Cost $ 4,800 810 4,050 October 4 October 10 October 13 October 20 October 28 October 30 Sale Purchase Sale Purchase Sale Purchase 4 5 3 4 B20 3,280 6 4.980 $17.110 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. nt ences Ending inventory Cost of goods sold
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