Bick Company purchased 9,100 bushels of ungraded apricots for $18,900. The apricots were sorted as follows: grade

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Bick Company purchased 9,100 bushels of ungraded apricots for $18,900. The apricots were sorted as follows: grade A, 3,500 bushels; grade B, 2,450 bushels; and grade C, 3,150 bushels. The current market prices for graded apricots follow: grade A, $5 per bushel; grade B, $3 per bushel; and grade C, $1 per bushel. The company uses a perpetual inventory system. Prepare the entry to record the purchase on account.