Inventory Sales Transaction -Tia's Craft Shop had the following transactions in the month of May: May 1 May 6 May 9 May 13 Tia purchased inventory on credit for $420, with terms 3/10, n/30. Tia returned $100 of damaged merchandise. Tia paid for merchandise purchased on May 1. Tia sold merchandise to SAVE, Inc. on credit for $600, with terms 2/10, n/30, and cost of $350. May 15 May 18 May 23 SAVE, Inc. returned $200 worth of merchandise, with a cost of $116. Tia paid $50 of freight charges for inventory purchased in April. SAVE, Inc paid for merchandise purchased on the 13th. Inventory Valuation (LIFO/FIFO/WA) A company made the following merchandise purchases and sales during the month of July: July 1 purchased 380 units at $15 each July 5 purchased 270 units at $20 each July 9 sold 500 units at July 14 purchased 300 units at $24 each July 20 sold 250 units at July 30 purchased 250 units at $30 each There was no beginning inventory. Calculate the COGS & ending inventory values using LIFO, FIFO & weighted avg. Fill in the missing amounts for a - h. Cost of Beginning Net Ending Goods Gross Company Net Sales Inventory Purchases Inventory Sold Profit Sutherland $100,000 $20,000 $59,000 $16,000 (a) (b) Crossen 125,000 28,000 (c) 45,000 (d) $2,000 Williams (e) (f) 52,000 20,000 60,000 36,000 Scott 88,000 7,000 29,000 (g) 33,000 (h)