Please record the journal entries for the following transactions:

14 Assume Bed Bath & Beyond uses the first-in, first-out (FIFO) cost flow assumption for valuing inventories.
The beginning inventory and a sample of purchases were used to value inventories. These amounts
were: beginning inventory (3/15/17) 58,042 units @ $47.05 each; purchase 3/19/17, 6,000 units @ $48 each;
purchase 5/6/17, 11,500 units @ $49 each; purchase 6/9/17, 8,000 units @ $52 each;
purchase 8/21/17, 11,000 units @ $54 each; purchase 9/12/17, 6,000 units @ $55 each; purchase 1/5/18, 19,000
units @ $57 each. Forty-three thousand (43,000) units were on hand on March 3, 2018. Value the ending inventory
(not cost of goods sold) and adjust the total to the ending inventory value accordingly.
16 After the adjustment of inventories was made in #14, a comparison to market value (lower of cost or market)
was made. "Market" value is $2,250,000
(transactions concluded on next page)