1] Tamworth Trading Ltd is a company operating in the retail sector. The beginning inventory of Product EF5089 and information about purchases and sales made during June are shown below.

June	1		Inventory		7,440		units @ $2.30
	4		Purchases		5,610		units @ $1.85
	9		Sales		5,000		units
	12		Purchases		5,000		units @ $2.50
	21		Sales		3,780		units
	24		Sales		3,540		units
	26		Purchases		3,780		units @ $2.40
	30		Sales		3,170		units

Tamworth Trading Ltd uses the perpetual inventory system, and all purchases and sales are on credit. Selling price is $6 per unit. GST is 10% and is not included in any of the costs and selling prices above. A stocktake on 30 June revealed 6,280 units in inventory.

Sales Balance Purchases Unit cost Date Explanation Unit Total cost Unit Unit cost Total cost Unit Unit cost Total cost 1/6 Balance $ $ 4/6 Purchases $ 9/6 Sales $ $ 12/6 Purchases 21/6 Sales 24/6 Sales 26/6 Purchases 26/6 Purchases 30/6 Sales 30/6 Missing inventory $ Sales journal Post ref. Sales Date Account GST payable Accounts receivable Cost of sales Sales journal Post ref. Sales Date Account GST payable Accounts receivable Cost of sales 9/6 units @ $ $ 21/6 units @ $ 24/6 units @ $ 30/6 units @ $ D $ $ $ Purchases journal Post ref. Inventory Date Account GST receivable Accounts payable 4/6 units @ $ $ $ $ 12/6 units @ $ ) 26/6 units @ $ $ $