Exercise 4-11 (Algo) Inventory and cost of sales transactions in T-accounts LO P1, P2 The following summarizes Tesla's merchandising activities for the year. Cost of merchandise sold to customers $228,000 ed Merchandise inventory, beginning-of-year 33,106 Merchandise purchases, gross amount 233,746 Shrinkage on inventory as of year-end Transportation-in for merchandise purchases 850 2,337 ok ht Cost of merchandise returned by customers (and restored to inventory) Discounts received from suppliers on merchandise purchases Returns to and allowances from suppliers on merchandise purchases. 2,150 1,870 4,200 int Enter the summarized activities in the two T-accounts below. Merchandise Cost of Goods Inventory Sold Enter the summarized activities in the T-account below. Merchandise Inventory Merchandise Investory Cost of Goods Sold > Merchandise Cost of Goods Inventory Sold Enter the summarized activities in the T-account below. Cost of Goods Sold.