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 $ 750 $ 4,500

October 4 Sale 4

October 10 Purchase 5 760 3,800

October 13 Sale 3

October 20 Purchase 4 770 3,080

October 28 Sale 7

October 30 Purchase 6 780 4,680

$ 16,060

Using LIFO, calculate ending inventory and cost of goods sold at October 3

Ending Inventory

Cost of goods sold

The Ending Inventory of 5430 is incorrect

The cost of goods sold of 10630 is incorrect