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Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month...

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 $ 770 $ 4,620
October 4 Sale 4
October 10 Purchase 5 780 3,900
October 13 Sale 3
October 20 Purchase 4 790 3,160
October 28 Sale 7
October 30 Purchase 7 800 5,600
$ 17,280

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

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