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Item10

Item 10 Part 2 of 4 5 points

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Sandra's Purse Boutique has the following transactions related to its top-sellingGuccipurse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.

DateTransactionsUnitsUnit CostTotal CostOctober1Beginning inventory6$840$5,040October4Sale4October10Purchase58504,250October13Sale3October20Purchase48603,440October28Sale7October30Purchase78706,090$18,820

2.Using FIFO, calculate ending inventory and cost of goods sold at October 31.