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Sandras 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

Sandras 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 $ 800 $ 4,800
October 4 Sale 4
October 10 Purchase 5 810 4,050
October 13 Sale 3
October 20 Purchase 4 820 3,280
October 28 Sale 7
October 30 Purchase 6 830 4,980
$ 17,110

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

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