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 $ 820 $ 4,920
October 4 Sale 4
October 10 Purchase 5 830 4,150
October 13 Sale 3
October 20 Purchase 4 840 3,360
October 28 Sale 7
October 30 Purchase 8 850 6,800
$ 19,230
2. Using FIFO, calculate ending inventory and cost of goods sold at October 31.