Presented here are selected transactions for Alpine Tours Inc. during September of the current year. Alpine Tours uses a perpetual inventory system. Alpine Tours estimates a return rate of 5% based on past experience. Sept. 2 Purchased equipment on account for $71,000, terms n/30, FOB destination. 3 Freight charges of $1,040 were paid by the appropriate party on the September 2 purchase of equipment. 4 Purchased supplies for $3,600 cash. 6 Purchased inventory on account from Winterholt Company at a cost of $64,600, terms 1/15, n/30, FOB shipping point. 7 Freight charges of $1,600 were paid by the appropriate party on the September 6 inventory purchase. 8 Returned damaged goods costing $5,300 that were originally purchased from Winterholt Company on September 6. Received a credit on account. 9 Sold goods costing $14,400 to Fischer Limited for $20,300 on account, terms n/30, FOB destination. 10 17 20 21 20 2222 Freight charges of $380 were paid by the appropriate party on the September 9 sale of inventory. Received the balance due from Fischer. Paid Winterholt Company the balance due. Purchased inventory for $6,500 cash. Sold inventory costing $21,800 to Kun-Tai Inc. for $29,700 on account, terms n/30, FOB shipping point. Freight charges of $600 were paid by the appropriate party on the September 22 sale of inventory. 23 28 Kun-Tai returned goods sold for $960 that cost $770. The merchandise was restored to inventory. Determine Alpine Tours's sales and cost of goods sold for September. Sales $ Cost of goods sold $