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.

Required information (The following information applies to the questions displayed below) 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 $720 $ 4,320 October 4 Sale October 10 Purchase 5 3,650 October 13 Sale October 20 Purchase 2,960 October 28 Sale October 30 Purchase 750 4,500 $15,430 4 730 740 4 7 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 Required information [The following information applies to the questions displayed below.) Sandra's Purse Boutique has the following transactions related to its top-selling Gucc/purse for the month of October Sandra's Purse Boutique uses a periodic inventory system. Unit Cost $ 720 Total Cost $ 4,320 730 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 6 4 5 3 4 7 6 3,650 740 2,960 750 4,500 $15, 430 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31 Ending inventory Cost of goods sold Homework Saved Hels ! Required information [The following information applies to the questions displayed below.) 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 Unit Cost $720 Total Cost $ 4,320 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase October 1 October 4 October 10 October 13 October 20 October 28 October 30 Units 6 4 5 3 4 7 6 730 3,650 740 2,960 750 4,500 $15,430 3. Using LIFO, calculate ending inventory and cost of goods sold at October 31 Ending inventory Cost of goods sold