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 Beginning inventory Units 6 4 5 Unit Cost $710 Total Cost $ 4,260 Sale 720 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 3,600 Purchase Sale Purchase Sale Purchase 730 2,920 4 7 7 740 5,180 $15,960 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. Ending inventory Cost of goods sold ! 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. Unit Cost $ 710 Total Cost $ 4,260 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 720 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 6 4 5 3 3,600 730 2,920 7 740 5, 180 $15,960 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold ! 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 Beginning inventory Unit Cost $ 710 Total Cost $ 4,260 Sale 720 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 3,600 Units 6 4 5 3 4 7 7 Purchase Sale Purchase Sale Purchase 730 2,920 740 5,180 $15,960 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold 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 Unit Cost $710 Total Cost $ 4,260 720 October 1 October 4 October 10 October 13 October 20 October 28 October 30 3,600 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 6 4 5 3 4 7 7 730 2,920 740 5,180 $15,960 4. Using weighted average cost, calculate ending inventory and cost of goods sold at October 31. (Round your intermediate and final answers to 2 decimal places.) Ending inventory Cost of goods sold