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[The following information applies to the questions displayed below.] Alexandra's Boutique has the following transactions related to its top-selling Gucci purse for the month of

[The following information applies to the questions displayed below.] Alexandra's Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Alexandra's Boutique uses a periodic inventory system.

Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $820 $4,920
October 4 Sale 4
October 10 Purchase 5 830 4,150
October 13 Sale 3
October 20 Purchase 4 840 3,360
October 28 Sale 7
October 30 Purchase 8 850 6,800
$19,230

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

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