Blossom Company commenced operations on July 1. Blossom Company uses a periodic inventory system. During July, Blossom Company was involved in the following transactions and events: July 2 Purchased $14,000 of merchandise from Suppliers Inc. on account, terms 2/10, 1/30, FOB shipping point. 3 Returned $1,200 of merchandise to Suppliers Inc. as it was damaged. Received a credit on account from Suppliers. 4 Paid $500 of freight costs on July 2 shipment. 8 Sold merchandise for $2,000 cash. 11 Paid Suppliers Inc. the full amount owing. 15 Sold merchandise for $6,000 on account, 1/10, 1/30, FOB shipping point. 25 Received full payment for the merchandise sold on July 15. 31 Blossom did a physical count and determined there was $9,500 of inventory on hand. (a) Record the transactions in Blossom Company's books. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Sunland Company sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Sunland's purchases and sales of the ultra-lightweight snowboard in October: Date Transaction Units Unit Purchase Price Unit Sales Price Oct. 1 Beginning inventory 25 $295 10 Purchase 30 303 12 Sale (42) $478 13 Purchase 35 310 25 Sale (45) 488 27 Purchase 20 318 (a) Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Sunland uses a perpetual inventory system. (Round the weighted average cost per unit and final answers to del