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 Transactions Units Unit Cost Total Cost October 1 Beginning inventory 6 $720 $ 4,320 October 4 Sale October 10 Purchase 5 730 3,650 October 13 Sale October 20 Purchase 740 2,960 October 28 Sale 7 October 30 Purchase 750 4,500 $15, 430 3 4 6 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31. $ Ending inventory Cost of goods sold 5,120 10,310 $ 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 Transactions Units Unit Cost Total Cost October 1 Beginning inventory 6 $720 $ 4,320 October 4 Sale October 10 Purchase 5 730 3,650 October 13 Sale October 20 Purchase 740 2,960 October 28 Sale 7 October 30 Purchase 750 4,500 $15, 430 4 3 4 6 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.) $ 5,610.90 Ending inventory Cost of goods sold $ 9,819.09