Sandra's Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Date October 1 Transactions Beginning inventory Units Unit Cost 6 $ 900 Total Cost $ 5,400 October 4 Sale 4 October 10 Purchase 910 4,550 October 13 October 20 October 28. October 30 Sale 3 Purchase 4 920 3,680 Sale Purchase 930 6,510 $ 20,140 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 $ 5,430 Cost of goods sold $ 10,630 Sandra's Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Date October 1 Transactions Beginning inventory Units Unit Cost 6 $ 900 Total Cost $ 5,400 October 4 Sale 4 October 10 October 13 October 20 Purchase Sale. Purchase 5 910 4,550 3 4 920 3,680 October 28 October 30 Sale Purchase 7 930 6,510 $ 20,140 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold $ 10,890