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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 $ 710 $ 4,260
October 4 Sale 4
October 10 Purchase 5 720 3,600
October 13 Sale 3
October 20 Purchase 4 730 2,920
October 28 Sale 7
October 30 Purchase 7 740 5,180
$ 15,960

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

What is ending inventory & cost of goods sold?

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