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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 Gucci purse for the
[The following information applies to the questions displayed below.] Sandra's 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 41 Sale 4 October 10 Purchase 5 860 4,300 October 13. Sale 3 October 201 Purchase 4 870 3,4801 October 28 October 30 Sale Purchase 880 7,040 $19,920 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold
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