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The following information applies to the questions displayed below. Sandra's Purse Boutique has the following transactions related to its top-selling Guccipurse for the month of

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The following information applies to the questions displayed below. Sandra's Purse Boutique has the following transactions related to its top-selling Guccipurse for the month of October. Sandra's Purse Boutique uses a periodic inventory system. Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Units Cost per Unit Total Cost $4,440 Beginning inventory Purchase Purchase $740 750 760 770 3.750 $16,620 0.62 points Required 1. Calculate ending inventory and cost of goods sold at October 31, using the specific identification method. The October 4 sale consists of purses from beginning inventory, the October 13 sale 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 Ending inventory Cost of goods sold References eBook & Resources Worksheet Difficulty: 3 Hard Learning Objective: 06-03 Determine the cost of goods sold and ending inventory usi inventory cost methods Check my work

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