Question 1: Perpetual Inventor Y System with Returns(TWO Questions total)

During the year ended 30 June 2014, TooBakko Ltd sold each unit of its goods at $9. Purchases and sales of the goods are shown below. Ignore GST.

2013 July 1 30 Aug- 25 30 Sept. 3 1 0 30 Oct. 5 Dec. 8 1 1 2014 Feb. 21 Marc 18 April 30 May 2 4 June 6 30 Inventory on hand Sales Purchases Sales Purchases Purchases returns Sales Purchases Purchases Sales Purchases Purchases Sales Sales returns Purchases Purchases Sales 200units@$5.t}0 each 120 units 300 @ $5.25 250 units 450 units @5530 50 damaged units from 3 September purchase 300 units 300 units @ $5.40 250 units at$5.45 500 units 150 units @ $5.50 100 units at$5.60 300units 30 units from 30Aprit sales, goods returned to inventory 250 units@ $5.70 300 units@$5-85 460 units TcoBakko Ltd uses a perpetual inventory system