Sandras Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October 2015. Sandra's Purse Boutique uses a periodic inventory system.

Date	Transactions	Units	Cost Per Unit	Total Cost
Oct 1	Beginning Inventory	6	$800	$4800
Oct 4	Sale	4
Oct 10	Purchase	5	$810	$4050
Oct 13	Sale	3
Oct 20	Purchase	4	$820	$3280
Oct 28	Sale	7
Oct 30	Purchase	6	$830	$4980
				$17110

1.

Calculate ending inventory and cost of goods sold at October 31, 2015, 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.

2. Using FIFO, calculate ending inventory and cost of goods sold at October 31, 2015.

3.

Using LIFO, calculate ending inventory and cost of goods sold at October 31, 2015.

4.	Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31, 2015.