Answer Happy

! Required information [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 $ 790 Total Cost $4,740 October 1 Beginning inventory 6 October 4 4 October 10 Sale Purchase Sale 5 800 4,000 October 13 3 October 20 Purchase 4 810 3,240 October 28 Sale 7 October 30 Purchase 8 820 6,560 $18,540 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. Ending inventory Cost of goods sold