On December 1, 2020. Bonita Printers had the account balances shown below. Debit Credit Cash 10,695 Accumulated Depreciation-Equipment 3.450 Accounts Receivable 8.970 Accounts Payable 6.900 Inventory 4,485* Share Capital - Ordinary 46,000 Equipment 48,300 Retained Earnings 16.100 72,450 72,450 *(6.900 x 0.65) The following transactions occurred during December: Dec. 3 Purchased 9,200 units of inventory on account at a cost of 0.72 per unit. 5 Sold 10,120 units of inventory on account for 0.92 per unit. (It sold 6,900 of the 0.65 units and 3,220 of the 0.72.) 7 Granted the December 5 customer 423 credit for 460 units of inventory returned costing 324. These units were returned to inventory. 17 Purchased 5,060 units of inventory for cash at 0.78 each. 22 Sold 4,600 units of inventory on account for 0.95 per unit. (It sold 4,600 of the 0.72 units.) Adjustment data: 1. Accrued salaries payable 920. 2. Depreciation 460 per month. (e) Compute ending inventory and cost of goods sold under FIFO, assuming Bonita Printers uses the periodic inventory system. Ending Inventory Cost of Goods Sold List of Accounts Save for Later Attempts: 0 of 3 used Submit