Pip$$s Puppy Company uses the Perpetual Inventory Method when accounting for their INVENTORY Transactions....When making sales...they always sell their INVENTORY on Account $($Receivable$)$ and offer their customers the following Sales Discount opportunities: $3/10,$ Net $30.$

On Nov $1$st$,$ Pip has a Beginning Balance in INVENTORY of $$12,350...$and during November completed the following transactions:

$1.$ Pip purchases $$14,750$ of Inventory from Noelle$$s Napkin Company on account, terms $2/10,$ net $30$ FOB Destination.

$2.$ Pip pays UPS $$425$ for the delivery of the goods from Noelle.

$3.$ Pip makes a Sale of Inventory to Keira$$s Kite Company for $$10,000$ terms FOB Destination and the inventory cost $$6,200.$

$4.$ Pip pays $$350$ for the shipment of goods to Keira.

$5.$ Pip returns $$3,850$ of Inventory back to Noelle.

$6.$ Pip sells Inventory to Glenny$$s Glass Company for $$18,500,$ cost $$8,900.$ Terms FOB Shipping Point.

$7.$ Keira returns $$5,000$ of the Inventory she purchased prior in transaction # $3,$ cost $$2,100.$

$8.$ Pip pays Noelle for the Inventory purchased in transaction #$1$ within the discount period.

$9.$ Keira pays Pip within the discount period.

$10.$ Glenny returns Inventory purchased in transaction # $6$ of $$6,200$ Cost $$3,200.$

REQUIRED:

a$.$ Record the Journal entries for the Month of November for Pip

b$.$ What is the ending Balance in Inventory?

c$.$ What is the ending balance in Cost of Goods Sold?

d$.$ What is Net Sales?