Looking to double-check my FIFO valuation Journal Entries:

August 25: Purchased 15 golf club sets for $240 each to sell at the store from vendor A, on account with terms of 1/10 net 60.

September 16: Purchased 25 bicycles for $75 each to sell at the store from vendor B, on account with terms of 1/10 net 60.

September 24: Paid $750 toward merchandise from vendor A.

September 30: Sold 15 bicycles on special at $150 each and 5 golf club sets at $350 each. The customer put 12% on account and paid cash for the rest.

September 30: Recorded impact of sales transaction on COGS and the inventory asset.