Balances at January :

Debtors control account.............................$

Creditors control account...........................$

Inventory...................................................$

Balances at February :

Debtors control account.............................$

Creditors control account...........................$

Inventory...................................................$

Extract from cash payments journal at February :

Payments to creditors.................................$

Additional Information:

a Gross profit markup is on cost

b Inventory is kept on the perpetual system

c All purchases and of sales are on credit

Required:

a Calculate purchases.

b If purchases during February were $ what is the Cost of Goods Sold for February?