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Please tell me how did you get the answer Merchandise with an invoice price of $6,000 is purchased on September 12 subject to terms of

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Merchandise with an invoice price of $6,000 is purchased on September 12 subject to terms of 2/10, n/30, FOB destination. Freight costs paid by the seller totaled $100. What is the cost of the merchandise based upon this information? $6, 100 $5, 880 $5, 978 $5, 980 Merchandise is sold for cash. The selling price of the merchandise is $18.000 and the sales is subject to a 7% state sales tax. The journal entry to record the sale would include a credit to Cash for $18,000 Sales for $19, 260 Sales taxes payable $1.260 Sales for $16, 740 Johnathan Apple Company using the periodic inventory system had the following account balances on the general ledger for the month of August: Merchandise Inventory at the beginning of the month, $7, 200; Freight-ln. $1, 300; Purchases. $21, 400; Purchases Returns and Allowances. $3, 900. Purchases Discounts. $660. The net cost of merchandise Inventory purchased during the month is equal to $25, 340 $18, 140 $16, 840 $22, 700 The information below is for the next 2 questions. The following units of inventory for the Blessings Corporation were available for sale during the year Beginning inventory 30 units at $60 First purchase 75 units at $65 Second purchase 90 units at $68 Third purchase 45 units at $75 Blessings Corporation uses the periodic system and there are 75 units of the commodity. on hand at the end the year. What is the value (amount) of the inventory at the end of the year using the LIFO method? $5, 055 $4, 725 $5, 415 $11, 445

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