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5) On Jan 2 Company Z buys 50 widgets for $25 each 1/10 n 30 on account. 6) Shipping on the purchase is $245 FOB

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5) On Jan 2 Company Z buys 50 widgets for $25 each 1/10 n 30 on account. 6) Shipping on the purchase is $245 FOB shipping. 7) Jan 5 Company Z returns 1 widget for credit. 8) On Feb 1, the company sells 10 widgets for $50/each 2/10 n 30 on account. Assume COGS is $30/widget. 5) On Jan 2 Company Z buys 50 widgets for $25 each 1/10 n 30 on account. 6) Shipping on the purchase is $245 FOB shipping. 7) Jan 5 Company Z returns 1 widget for credit. 8) On Feb 1, the company sells 10 widgets for $50/each 2/10 n 30 on account. Assume COGS is $30/widget

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