PA6-5 (Supplement A) Recording Inventory Transactions Using Periodic and Perpetual Inventory Systems [LO 6-S1] The following Information applies to the questions displayed below. Home Hardware reported beginning Inventory of 25 shovels, for a total cost of $200. The company had the following transactions during the month: Jan. 2 Sold 7 shovels on account at a selling price of $13 per unit. 16 Sold 10 shovels on account at a selling price of $13 per unit. 18 Bought 8 shovels on account at a cost of $8 per unit. 19 Sold 10 shovels on account at a selling price of $13 per unit. 24 Bought 10 shovels on account at a cost of $8 per unit. 31 Counted inventory and determined that 15 units were on hand