part 1 and 2 please

Calibri 11 A Wrap Text General Paste BIU 3. A E Merge & Center $ % ) Clipboard Font 4.0 00 Conditional Format as Cell ,00 7,0 Formatting Table Styles Styles Alignment Number M26 3 fx H 1 5 K L M N o Part 2 Find the COGS and ending inventory for the following purchases in PFO, LIFO and Average Cost Ending inventory was 500 units 1. Jan Beginning Inventory 5-Mar Purchase 2-Jun Purchase 8 Jul Purchase 6-Sep Purchase 5-Nov Purchase Units Cost 150 250 100 200 100 350 1150 10 9 9 11 10 12 10 1500 2250 1100 2000 1200 3500 11550 8 D E F F G 1 Part 1 2 Complete the journal entries for both the buyer and seller for each transaction listed 3 3 4 1. Seller sells Buyer $2800 in goods on account. The cost of these goods to the seller was $2000 5 6 BUYER SELLER 7 Account Debit Credt Account Debit Credt 8 9 10 11 12 2. Buyer pays shipping costs of $150 in cash for this purchase. 13 14 BUYER SELLER 15 Account Debit Credt Account Debit Credit 16 17 18 19 3. Buyer returns $500 in goods. The cost of these goods to the seller was $357 20 21 BUYER SELLER 22 Account Debit Credt Account Debit Credit 23 24 25 26 27 28 4. Buyer pays balance due within the 10 day 2% discount period. 29 30 BUYER SELLER 31 Account Debit Credt Account Debit Credt 32 33 34 35 35 [ Sheet1 + Ready Type here to search W 10