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 $770 $ 4,620 October 4 Sale October 10 Purchase 5 780 3,900 October 13 Sale October 20 Purchase 790 3, 160 October 28 Sale 7 October 30 Purchase 7 800 5,600 $17,280 4 3 4 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 Cost of goods sold 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 $770 $ 4,620 October 4 Sale 4 October 10 Purchase 5 780 3,900 October 13 Sale October 20 Purchase 790 3,160 October 28 Sale 7 October 30 Purchase 800 5,600 $17,280 4 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold 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. Units Unit Cost Total Cost 6 $770 $ 4,620 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 780 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 5 3 3,900 790 3,160 7 800 5,600 $17,280 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold 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 $770 $ 4,629 October 4 Sale October 10 Purchase 5 780 3,900 October 13 Sale October 20 Purchase 790 3,160 October 28 Sale October 30 Purchase 7 800 5,600 $17,280 4 3 4 7 4. Using weighted average cost, calculate ending inventory and cost of goods sold at October 31. (Round your intermediate and final answers to 2 decimal places.) Ending inventory Cost of goods sold