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On September 1. Monty Orfice Supply had an imventory of 30 calculators at a cost of 616 each. The company uses a perpetual inventory system.

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On September 1. Monty Orfice Supply had an imventory of 30 calculators at a cost of 616 each. The company uses a perpetual inventory system. During September, the following transactions occurred. Sept 6 Purchased with cash 100 calculators at 621 each from Roux Electronics. 9. Paid freight of E200 on calculators purchased from Roux. 10 Returned 2 calculators to Roux for 46cash (including freight) because they did not meet specifications. 12. Sold 27 calculators costing 23 (including freight) for 632 each on account to Village Book Store, terms n/30. 14 Granted credit of 32 to Vilage Beok Store for the return of one calculator that was not ordered. 20 Sold 31 calculators costing E23 for 633 each on account to Holiday Card Shop, terms n/30

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