Burr Industries has the following events transpire in June of 2024:

Event Details Buy Inventory: Buy 6,000 units of inventory for $6/unit on credit. Sell Inventory: Sell 4,765 units of inventory for $44/unit on credit. Close Books: Books are closed for the month of June.

Additional Info: Inventory is always purchased for $6/unit. Beginning inventory is 1,840 units.

Assuming Burr uses the Perpetual Inventory System.

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What journal entry or entries will Burr provide upon closing its books?

options:

	Dr. Inventory (ending) $18,450 Dr. Purchases $28,590 Cr. Inventory (beginning) $11,040 Cr. Cost of Goods Sold (CGS) $36,000
	Dr. Inventory (ending) $18,450 Dr. Cost of Goods Sold (CGS) $28,590 Cr. Inventory (beginning) $11,040 Cr. Accounts Receivable $36,000
	Dr. Inventory (ending) $18,450 Dr. Cost of Goods Sold (CGS) $28,590 Cr. Inventory (beginning) $11,040 Cr. Purchases $36,000
	N/A; No journal entry is required.