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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

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

Cost per Unit

Total Cost

October 1

Beginning inventory

6

$770

$ 4,620

October 4

Sale

4

October 10

Purchase

5

780

3,900

October 13

Sale

3

October 20

Purchase

4

790

3,160

October 28

Sale

7

October 30

Purchase

7

800

5,600

$17,280

a) Using FIFO, calculate cost of goods sold on October 31.

b) Using FIFO, calculate ending inventory on October 31.

c) Using LIFO, calculate cost of goods sold on October 31.

d) Using LIFO, calculate ending inventory on October 31

e) Calculate weighted-average cost per unit. (Round your answer to 2 decimal places.)

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