Question: for requirement 2 the first blank's options are ( Inventory - Purchase - Supply ) Second Blank's options are (Inventory - Purchase - Supply )

for requirement 2 the first blank's options are ( Inventory - Purchase - Supply ) Second Blank's options are (Inventory - Purchase - Supply ) Third Blank's options are (Periodic System - perpetual System) Fourth Blank's options are( Periodic System - perpetual System) Last Blank's options are( Inventory - Sales- Shipping)

Accounting records (Amounts in thousands) Inventory, December 31, 2016 Purchases of inventory (on account) Sales of inventory-79% on account, 21% for cash (cost $1,270). Inventory at FIFO, December 31, 2017 580 1,500 2,700 810 Print Done

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