INSTRUCTIONS: For each transaction below,enter the correct dollar amount under the Amount column. Leaving the response blank will result in zero credit for that This section is worth 12 out 100 total possible points. Question: Amount Example: Riumbau Company uses a perpetual inventory system. It's COGS for the period was $5,000. It's Ending Inventory is $7,000. There were no other transactions for the period. What was Riumbau Company's Beginning Inventory? 12,000 Beginning inventory is $5,000, net purchases are $6,000 and cost of goods sold is $3,000. How much is ending inventory? Beginning inventory is $5,000, net purchases are $6,000 and ending inventory is $8,000. How much is cost of goods sold? A company uses a perpetual inventory system. Inventory on Jan. 1 was $3,500, purchases on Jan. 12 were $2,500. Cost of Sales on Jan. 17 were $1,000. There were no other inventory transactions during January, How much inventory was available for sale on Jan. 13? 1. 3. Riumbau Company uses a periodic inventory system. Inventory on Jan. 1 was $5,000. Purchases on Jan. 10 were $3,000. A physical count was performed on Jan. 31 and it was determined that there was $2,000 of merchandise remaining. What is the cost of good sold for the period? Martinez Company uses a perpetual inventory system. The beginning inventory for the period is $10,000 on Jan. 1st. On Jan. 3rd Martinez Co sells $3,500 of its inventory. On Jan 15th, Martinez Company sells $1,200 of its inventory. What is the inventory balance on Jan. 10th? Martinez Company uses a perpetual inventory system. The beginning inventory for the period is $10,000 on Jan. 1st. On Jan. 3rd Martinez Co. sells $3,500 of its inventory. On Jan 15th, Martinez Company sells $1,200 of its inventory. What is the inventory balance on Jan. 16th