For the month ended May 31st, Paint and More Ltd. Provide the following information: Opening balance 1,200 cans of paint at a cost of $6 per paint.

Bought and sold on the following dates:

August 4 bought 56 cans of paint $6 each August 8 sold 120 cans of paint at $17 each August 13 bought 87 cans of paint $8.50 each August 19 sold 47 cans of paint $18.75 each August 22 bought 62 cans of paint $8.75 August 26 sold 60 cans of paint $19.50 ea.

Calculate the stock valuation at the end of August 31st. Calculate the value of inventory sold

What is the journal entry for COGS?