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 35 shovels, for a total cost of $140. The company had the following transactions during the month: Jan. 2 Sold 8 shovels on account at a selling price of $12 per unit. 16 Sold 13 shovels on account at a selling price of $12 per unit. 18 Bought 5 shovels on account at a cost of $4 per unit. 19 Sold 13 shovels on account at a selling price of $12 per unit. 24 Rought 13 shovels on account at a cost of $4per unit. 31 Counted inventory and determined that 16 units were on hand