On June 15, a customer buys 75 CDs on account from Musicland for \($10\) each, for a total of \($750\). The list price of the CDs is \($12\) each, but Musicland gave the customer a \($2\) per CD discount because of the large order. On June 20, the customer returned, unopened, five of the CDs and was given a pur- chase credit of \($50\). The customer paid its full balance of \($700\) on June 25. Record these transactions in journal entry form for Musicland. The unit cost of the CDs in inventory is \($4.20\) each."

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*$4.20 is calculated from the prior Your Turn! as follows: Inventory cost $510.00 +$22.18 $61.20-$8.98 = $462.00 Inventory quantity Cost per unit 125-15 110 $462.00/110 $4.20 =