Calculate ending inventory and cost of goods sold for four inventory methods. 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 $760 $4,560
October 4 Sale 4
October 10 Purchase 5 770 3,850
October 13 Sale 3
October 20 Purchase 4 780 3,120
October 28 Sale 7
October 30 Purchase 8 790 6,320
$17,850
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