f. Monthly Inventory Entries - Record each entry based on amounts in Sections A through D above.
Acct. Titles		Debit	Credit
First purchase of 115 units.
	inventory	11,040
	cash		11,040
Second purchase of 175 units.
	inventory	17,850
	cash		17,850
Sale of 350 units on account at $180 each; terms 2/10, n/30.
Be sure to use the inventory costing method chosen in Section E.
	sale units
Granted $350 of sales allowance to a customer.
Received payment from sales above within the discount period.
Completed physicial inventory, and recorded $725 adjustment for
inventory shrinkage.