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[The following information applies to the questions displayed bolow] Alexandra's Boutique has the following transactions related to its top-seling Guceipurse for the manth of October.

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[The following information applies to the questions displayed bolow] Alexandra's Boutique has the following transactions related to its top-seling Guceipurse for the manth of October. Alexandra's Boutique uses a periodic imventory system. 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 Ociober 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

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