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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 Transactions Units  Unit Cost  Total Cost

October1 Beginning inventory 6  $820    $4,920  

October4 Sale 4          

October10 Purchase 5    830     4,150  

October13 Sale 3           

October20 Purchase 4    40     3,360  

October28 Sale 7           

October30 Purchase 8    850     6,800               

$19,230  

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

Ending INventory:

Costs of goods sold: