.) Jammers sells a surfboard, Flash, that is popular with surfing enthusiasts. Below is information relating to the company's purchases of Flash surfboard during July. During the same month, 92 Flash surfboards were sold. Jammers uses a S periodic inventory system. Date Explanation Inventory Purchases Purchases Units Total Cost Unit Cost July 1 July 12 July 19 July 26 Totals 20 120 $2,400 4,375 1,920 35 15 125 128 130 Purchases 40 5,200 $13,895 110 Instructions Compute the () ending inventory at September 30 and (ii) cost of goods sold using: (a) FIFO Purchases Unit Sales Balance Unit Date Unit Value Quantity Value Quantity Quantity Value Cost Cost Cost July 1 July 12 July 19 July 26 Purchases Sales Balance Date Unit Unit Unit Value Quantity Quantity Cost Value Quantity Cost Cost July 1 July 12 July 19 July 26 Sales for the Month Ending Inventory Cost of Goods Sold: Tommy Johnson Company identifies the following items for possible inclusion in the physical inventory Indicate whether each item should be included or excluded from the inventory taking Goods shipped on consignment by Tommy Johnson to another company Goods in transit from a supplier shipped FOB destination 2 3. Goods shipped via common carrier to a customer with terms FOB shipping point. Goods held on consignment from another company