new textbook is published in early of year 2016. Your campus bookstore buys 400 copies at RM70 cach in June, an additional 1,000 copies in August at RM72 cach, and 600 copies in December at RM7S each. At the end of December 2016, the bookstore has sold 1,900 copies of the text. Required: Calculate the cost of goods sold and the cost of ending inventory using weighted average cost and FIFO periodic inventory method. batala SA (12 marks) Part B MOKD Jinggo Company prepares financial statements annually. During the year of 2016, the following transactions occurred. Financial year ended is as December 2016 and beginning balance in allowance for doubtful debt accounts of RM2,000 (credit) Jan 1 Sold goods to Ross Enterprise for RM4,000 on account, terms n/30 2 Sold goods to Mary for RM500 on account. 3 Sold goods on account to Zack Company for RM14,000 Feb 2 | Accepted a RM4,000, 4-month, 9% promissory note from Ross Enterprise for balance due 3 Received RM300 from Mary 28 Wrote off Mary's account balance as uncollectible June 2 Collected Ross Enterprise note in full 3 Zack Company returned goods worth RM1,000 30 Received payment in full after discount of RM500 from Zack Company. Dec 31 Unexpectedly received payment in full from Mary Required: Prepare journal entries to record the above transactions. (13 marks) Total: 25 marks