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Required information Problem 6-1A Calculate ending inventory and cost of goods sold for four inventory methods (L06-3) (The following information applies to the questions displayed below.) 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. Units Unit Cost $ 860 Total Cost $ 5,160 6 4 870 4,350 Date October 1 October 4 October 10 October 13 October 20 October 28 October 30 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 5 3 4 7 6 880 3,520 890 5,340 $18,370 Problem 6-1A Part 2 2. Using FIFO, calculate ending inventory and cost of goods sold at October 31. $ 6,240 Ending inventory Cost of goods sold $ 12,130