P6-13B Steward Inc. had a beginning inventory on January 1 of 400 units MLN at a cost of $18 per unit. During the year, purchases were as follows: Units Unit Cost Total Cost Feb. 20 1,200 $19 $22,800 May 5 1,000 21 21,000 Aug. 12 1,200 24,000 Dec. 8 600 13,200 Steward uses a periodic inventory system. At the end of the year, a physical count determined that there were 400 units on hand, Instructions 22 (a) Determine the cost of goods available for sale. (b) Determine the cost of the ending inventory and the cost of goods sold using and (2) average cost. (Use unrounded numbers in your calculation of the averag cost but round to the nearest cent for presentation purposes in your answer.) 0. 15 12 Guidant returned damaged merchandise that was purchased on October 8 for a $3,500 credit on account. The merchandise originally cost $2,185 and was not restored to inventory. Purchased merchandise for $36,300 cash. 17 Received the balance owing from Guidant. 28 Sold merchandise for $30,000 on account to Deux Lte, terms 2/10, n/30, FOB shipping point. The merchandise had a cost of $18,000. 29 Freight charges of $750 were paid by the appropriate party on the October 28 sale of merchandise. 30 Paid Micron the balance owing. 31 Deux returned some of the merchandise that was purchased on October 28 for a $5,000 credit on account. The merchandise originally cost $3,000 and was restored to inventory. Instructions (a) Record the October transactions. (b) Assume that Shaoshi took advantage of the 1% purchase discount offered by Micron Ltd. and paid Micron on October 14 rather than October 30. Record the entry that Shaoshi would make on October 14 and determine the cost of missing this purchase discount to Shaoshi