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Sandra's Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October

Accounting

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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 TransactionsUnits Unit Cost Total CostOctober1 Beginning inventory 6  $740   $4,440  October4 Sale 4           October10 Purchase 5   750    3,750  October13 Sale 3           October20 Purchase 4   760    3,040  October28 Sale 7           October30 Purchase 7   770    5,390               $16,620  

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