Johnson Corporation began 2018 with inventory of 19,000 units of its only product. The units cost $7 each. The company uses a periodic inventory system and the LIFO cost method. The following transactions occurred during 2018:

1. Purchased 95,000 additional units at a cost of $10 per unit. Terms of the purchases were 3/10, n/30, and 100% of the purchases were paid for within the 10-day discount period. The company uses the gross method to record purchase discounts. The merchandise was purchased f.o.b. shipping point and freight charges of $0.50 per unit were paid by Johnson.
2. 1,900 units purchased during the year were returned to suppliers for credit. Johnson was also given credit for the freight charges of $0.50 per unit it had paid on the original purchase. The units were defective and were returned two days after they were received.
3. Sales for the year totaled 90,000 units at $16 per unit.
4. On December 28, 2018, Johnson purchased 5,900 additional units at $12 each. The goods were shipped f.o.b. destination and arrived at Johnson's warehouse on January 4, 2019.
5. 22,100 units were on hand at the end of 2018.

Required: 1. Complete the below table to determine the ending inventory and cost of goods sold for 2018.

Need help with the two i have wrong

- The purchase discount has to be calculated after you subtract purchase returns without the shipping cost from the gross purchase and then times the discount rate. The discount should not be applied to the refunded shipping cost

- Calculate the 2018 purchase to calculate cost of ending inventory. Since the company uses LIFO, the units sold should first be taken out the purchase and then go up to the beginning inventory. Since their 2018 units purchases is more than the unit sold. The 2018 purchase asked in the problem is asking you to calculate what is left in 2018 purchase after the sale. So the 2018 purchase =( purchase units -units returned )* ( unit price*(1-discount rate)+shipping cost per unit).

Required 1 Required 2 Complete the below table to determine the ending inventory and cost of goods sold for 2018. (Do not round your intermediate calculations. Amounts to be deducted should be indicated with a minus sign.) $ Beginning inventory 2018 purchases Ending inventory 133,000 31,620 164,620 $ $ 133,000 Beginning inventory Net purchases: Purchases Freight-in Purchase discounts $ 931,000 46,550 X (27,930) Cost of goods available for sale Less: Ending inventory Cost of goods sold 949,620 1,082,620 (164,620) 918,000 $