Sandra's Purse Boutique uses a periodic inventory system and has the following transactions related to its top-selling Gucci purse for the month of October 2010. Date Transactions Units Cost per unit Total cost October 1 Beginning inventory 6 $807 $4,842 October 4 Sale 4 October 10 Purchase 5 804 4,020 October 13 Sale 3 October 20 Purchase 4 813 3,252 October 28 Sale 7 October 30 Purchase 6 824 4,944 $17,058 Calculate ending inventory and cost of goods sold at October 31, 2010, using the specific identification method. The October 4 sale consists of purses from beginning inventory, the October 13 sale consists of one purse from beginning inventory and two purses from the October 10 purchase, and the October 28 sale consists of three purses from the October 10 purchase and four purses from the October 20 purchase. (Omit the "$" sign in your response.) 1.Using LIFO, calculate ending inventory and cost of goods sold at October 31, 2010 2. Using average cost, calculate ending inventory and cost of goods sold at October 31, 2010 Sandra's Purse Boutique uses a periodic inventory system and has the following transactions related to its top-selling Gucci purse for the month of October 2010. Date Transactions Units Cost per unit Total cost October 1 Beginning inventory 6 $807 $4,842 October 4 Sale 4 October 10 Purchase 5 804 4,020 October 13 Sale 3 October 20 Purchase 4 813 3,252 October 28 Sale 7 October 30 Purchase 6 824 4,944 $17,058 Calculate ending inventory and cost of goods sold at October 31, 2010, using the specific identification method. The October 4 sale consists of purses from beginning inventory, the October 13 sale consists of one purse from beginning inventory and two purses from the October 10 purchase, and the October 28 sale consists of three purses from the October 10 purchase and four purses from the October 20 purchase. (Omit the "$" sign in your response.) 1.Using LIFO, calculate ending inventory and cost of goods sold at October 31, 2010 2. Using average cost, calculate ending inventory and cost of goods sold at October 31, 2010