Business, 29.11.2021 06:30 tomoetoes6910

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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
October 1 Beginning inventory 6 $ 730 $ 4,380
October 4 Sale 4
October 10 Purchase 5 740 3,700
October 13 Sale 3
October 20 Purchase 4 750 3,000
October 28 Sale 7
October 30 Purchase 8 760 6,080
$ 17,160
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31.

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