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Brody sports Ltd. Brody Sports, is a sports shop that carries a range of sporting goods. The most popular selli related items. They carry a range of NHL replica jerseys and of course international teams. E selling jersey is the Canadian jersey. Local teams purchase their jerseys from a range of jerse A lot of customers pay in cash, but the teams that have accounts with the store can purchas 19 2/10, net 30. The store manager ensures that the staff rotate the stock so that the older items are displaye shelves and are sold first. When large orders are placed, the same system applies and Brody 50 perpetual FIFO system to manage its inventory. You have been hired as a book keeper to maintain the sales journal and keep a track of inven 51 knowledge of perpetual FIFO systems. 52 During the month of September the following transactions takes place. Brody Sports already h jerseys that had a cost price of $25 each, from last year. September tends to be a busy month 53 to buy jerseys for the new season. tual FIFO system to manage its inventory. ave been hired as a book keeper to maintain the sales journal and keep a track of inventory using your uledge of perpetual FIFO systems. ng the month of September the following transactions takes place. Brody Sports already has a stock of 4 eys that had a cost price of $25 each, from last year. September tends to be a busy month as teams come buy jerseys for the new season. 01-Sep Sold 20 jerseys for cash (selling price $125 each) 02-Sep Purchases another 65 jerseys at $30 each. Terms 2/10, net 30. 09-Sep Sold another 30 jerseys on account, 2/10 net 30, to the West End Worblers. (selling price $120 eac 14-Sep Paid for the purchase on sept 2nd. 17-Sep Purchases another 50 jerseys at $33 each. Terms 2/10, net 30. 21-Sep Sold another 50 jerseys on account, 2/10 net 30, to the East Side Mainers. (selling price $115 each) 3 22-Sep West end worblers, settled their account by paying for the purchase on the 9th of sept in full. 22-Sep East side Mainers, returned 4 defective jerseys, purchased on the 21st. 23-Sep East side mainers, settled their account by paying for the reainder of the purchase on 21st in full. 24-Sep sold another 5 jerseys for cash (selling price $125 each) 29-Sep stock account revealed that there are only 32 jerseys were in stock. Adjust inventory if needed. Sheet1 Sheet2 Sheets 4 55 Ready Scroll Lock H 1 23-Sep East side mainers, settled their account by paying for the reainder of the purchase on 219 24-Sep sold another 5 jerseys for cash (selling price $125 each) 29-Sep stock account revealed, that there are only 32 jerseys were in stock. Adjust inventory if ne NOTE: the inventory charts only go to the 24th complete the following table to track cost of goods sold during the month. (using FIFO method) Date Purchases Sales Balance Quantity Unit cost Value Quantity Unit cost Value Quantity Unit cost pening 40 $ 25 01-Sep 20 $ 25 $ 500 20 $ 25 02-Sep 65 $ 30 $ 1,950 20 $ 25 65 $ 30 09-Sep 20 $ 25 $ 500 10 $ 30 $ 300 55 $ 30 $ 17-Sep 50 $ 33 $ 1,650 55 S 30S 50 $ 33 $ 21-Sep 50 $ 30 $ 1,500 5 $ 30 $ 22-Sep 4 $ 30 $ 120.00 4 $ 30 59 $ 30 24-Sep 5 $ 30 $ 150 54 $ 30 o 29-Sep 22 $ 30$ 660 32 $ 30$ Sheet1 Sheet2 Sheet3 + urnalise each transaction for the month, using the perpetual method. Ref DR CR Description 1-Sep 20 Jersy sold for cash 125 each $ 2,500.00 $ 2,500.0 2-Sep Purchase 65 Jersy at 30 each $ 1,950.00 $ 1,950.00 3,600.00 09-Sep sold 30 jersy at $125 each to West end Woblers on credit ( Purchase, Payable 14-Sep Purchase was paid for on Sept 2nd $ 3,600.00 $ 1,950.00 $ 1,950.00 17-Sep 50 Jersy sold on credit $33 (cash) $ 1,650.00 $ 1,650.00 $ 5,750.00 21-Sep 50 jersy sold at $115 each to East side Manner (acccount recived, cash) 22-Sep $ 5,750.00 24-Sep 29-Sep 0 Sheet1 Sheet2 Sheet3 + omplete the folloing table to track cost of goods sold during the month. (using Avearge method) Purchases Sales Balance Date Quantity Unit cost Value Quantity Unit cost Value Quantity Unit cost Sheet1 Sheet2 Sheet3