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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 $ 850 $ 5,100
October 4 Sale 4
October 10 Purchase 5 860 4,300
October 13 Sale 3
October 20 Purchase 4 870 3,480
October 28 Sale 7
October 30 Purchase 8 880 7,040
$ 19,920

2. Using FIFO, calculate ending inventory and cost of goods sold at October 31.

Ending event-

cost of good sold-

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