is Tyler Lumber Co. able to pass its extra transportation costs on to its customers? Does the company appear to suffer or benefit financially from its remote location? Explain your reasoning and support your conclusions with specific accounting dain comparing the operations of Tyler Lumber Co. with the industry averages. Factuby.FAX tells facumile machines, copiers. and other types of office equipment. On May 10. the company purchased for the first time a new plain-paper fax machine manufactured by Mitsui Corporation. Transactions relating to this product during May and June were as follows May 10 Purchased The P.500 facsimile machines on account from Mitsui Corporation. at a cou of 5560 each. Payment due in 30 days. May 15 Suff four P.500 facsimile machines on account to Foster & Cole, wockbrokers; sales price. 5900 per machine. Payment due in 30 days. May 24 Purchased an additional seven P.500 facsimile machines on account from Mitsui. Cost. $560] per machine: payment due in 30 days. June 9 Paid 51.800 cash in Minvul Corporation for the facsimile machines purchased on May 10. June 19 Sold two P.500 facsimile machines to Tri-State Realty for cash. Sales price. 5950 per . hine June *. Collected 5:60 from Foster & Cole in full element of the credit sale un May 23 Instructions 1. Prepare journal enines to record these transactions in the accounting records of Facts-by-FAX [ The company uses a perpetual imentory system.) . Post the appropriate information from these journal entries to an inventory subsidiary ledger account like the one illustrated on page 198:1 . How many Mitsui P.500 facsimile machines were in inventory on 'sday ?!' Frown what counting record did you obtain the answer to this question? 1. Describe the types of information contained in any inventor. all sidiary ledger account and explain how this information may be useful to vanous company jarsonnel in conde Jug wily business operations