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Following instruction below 1. You have the following information for Matahari Department Store. Matahari Department Store uses the perpetual inventory method for its inventory transactions.

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1. You have the following information for Matahari Department Store. Matahari Department Store uses the perpetual inventory method for its inventory transactions. Matahari Department Store distributes clothes to retail store and extends credit term of 1/8, 1/30 to all its customers. At the end of March, Matahari's inventory consisted of 80 jeans costing S560. The following transactions were completed during April by Matahari Department Store. Apr 2: Purchased 200 jeans from Nevada for $8 each, FOB destination, terms 2/10, n/30. The appropriate party also made a cash payment of $90 for freight on this date. Apr 9: Sold 100 jeans to members for $10 each, FOB shipping point. The appropriate party also made a cash payment of $150 for freight on this date. Apr 11: Received credit of $80 from Nevada. For 10 jeans that were returned Apr 12: Purchased 350 jeans from Polo for cash $6 each. Apr 13: Paid Nevada In full. Apr 15: Granted members $180 credit for 18 jeans returned. Apr 17: Received payment in full from members. Apr 19: Sold 250 jeans for $11 each. FOB destination. The appropriate party also made a cash payment of $70 for freight on this date. Instructions 1. Journalize the transactions for the month of April for Matahari Department Store using a perpetual inventory system. Calculate 1. Ending Inventory 2. Cost of Goods Sold 3. Gross Profit under each of the following method: FIFO method b. Moving average method a

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