Question: Question Completion Status: QUESTION 2 with Periodic Inventory System Company A purchased $2,500 of merchandise from Company B on June 1, credit terms of 4/10,

purchased $2,500 of merchandise from Company B on June 1, credit terms

Question Completion Status: QUESTION 2 with Periodic Inventory System Company A purchased $2,500 of merchandise from Company B on June 1, credit terms of 4/10, n/30. Company A returned $1,200 of the merchandise on June 5. On June 11, Company B received full payment from Company A Prepare the June 11th journal entry in Company B books. TT T Arial 3 (12pt) v T-SE Click Save and Submit to save and submit. Click Save All Answers to save all answers. 10 e DELL Question Completion Status: QUESTION 1 What is the Cost of Goods Sold (COGS) and ending inventory using the FIFO COST flow assumption? You do not need to show your calculations. Date Details Units Unit Cost Total Cost 2/1/2018Inventory 3/5/2018Purchase 4/8/2018Purchase 6/30/2018Inventory 60 $ 150 15 20 10 11 14 $ 600 1,650 210 $ 2,460 TT T Arial 7 3 (12pt) T.EE Click Save and Submit to save and submit. Click Save All Answers to save all answers. E 9 DELL F3 F4 F5 F6 F7 F8 F9 F10

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