$($Appendices $6$A and $6B)$ Recording Purchases and Sales

returned $15$ cartridges that were purchased at $$102$ to Printer Supply for various reasons. Assume that Printer Supply uses a periodic inventory system.

Required:

$($Purchased inventory on account$)$

$($Recorded sales on account$)$

$($Recorded return of defective cartridges to supplier$)$

$($Recorded return of defective cartridges by customers$)$

What is the cost of ending inventory, cost of goods sold, and gross profit?

Cost of ending inventory

Cost of goods sold

Gross profit