Help TOOLS Table Window In a periodic inventory system.docx Q- Search in Document Layout Document Elamants Tablas Chart Smarthe Styles Row Font Paragraph Themes 12 A. ABE Styles Text Box Thanes 10: th-12-11 October 10 Purchased 100 pairs of shoes on account at a cost of $5,945 per pair. In addition Miller paid $405 in cask on each pair of shoes to have the inventory shipped from the vendor's warehouse to the Miller's showroom. October 30 During the month 90 pairs were sold at a unit selling price of $8,255 November 1 A new batch of 60 pairs was purchased on account at a total cost of $406,500 November 14 5 pairs of the sneakers purchased on November 1 were found to be of the wrong description and returned to the supplier November 30 The sales for November were 60 pairs of sneakers which yielded total sales revenue of $430,000. December 2 Peter Puller, a customer to whom 10 pairs were sold at the close of business on November 30, returned 4 pairs of the sneakers, as they were of the wrong colour. Using the FIFO method, the value of purchases and COGS after accounting for. the transaction on November 1, 2014 are: Select one: A. $1,041,500 and $742,500 B. $1,194,000 and 5571,500 C. $1,041,500 and $565,250 D. $1,194.000 and $742,950 Miller's Fashion House sells a variety of items of clothing including footwear for men. The business began the last quarter of 2014 with 25 pairs of the Jordan brand at a total cost of $152.500. The following transactions, relating to the Jordan brand, took place during the quarter