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Novak Sports began operations on January 2, 2020. The following stock record card for footballs was taken from the records at the end of

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Novak Sports began operations on January 2, 2020. The following stock record card for footballs was taken from the records at the end of the year. Date: Voucher Terms Units Received Unit Invoice Gross Invoice Cost Amount 1/15 10624 Net 30 75 $32 $2,400 3/15 11437 1/5, net 30 90 25 2.250 6/20 21332 1/10, net 30 115 24 2.760 9/12 27644 1/10, net 30 109 19 2,071 11/24 31269 1/10, net 30 101 17 1.717 490 $11.198 Totals A physical inventory on December 31, 2020, reveals that 119 footballs were in stock. The bookkeeper informs you that all the discounts were taken. Assume that Novak Football Shop uses the invoice price less discount for recording purchases 00 Q3:39

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