Question 9 of 22 3 Points Click here to exit full screen mode Flowers Emporium (FE) is an online fiorist with a year-end of 30 June. FE uses the periodic inventory recording system, and the weighted average cost allocation method. During the 2020 financial year-end, FE made the following purchases of bouquets: Date Amount per Quantity Total paid (cash) bouquet 21 January 2020 R32 89 R2 848 12 March 2020 R61 58 R3 416 24 February 2020 R75 550 R41 250 TOTAL 695 R47 514 On 30 June 2020 FE had 123 bouquets of roses on hand. There was no stock on hand at the start of the 2020 financial year FE sold 560 rose bouquets during the 2020 financial year. The bookkeeper of FE has recorded all the above purchases in the Purchases account. On 30 June 2020, which of the following adjusting journal entry/ies should FE process to ensure that the cost of sales and inventory balances are correctly reflected in the pre-closing trial balance? A. 30 June 2020 DR Cost of sales expense 47 514 CR Purchases 47 514 DR Inventory Cost of sales expense 8 409 8 400 CR B. 30 June 2020 DR Cost of sales expense CR Purchases 47 514 47 514 DR Inventory Cost of sales expense 10 947 10 947 CR OC. 30 June 2020 DR Purchases CR Cost of sales expense 47 514 47 514 DR Inventory Cost of sales expense 8 409 8 409 CR D. 30 June 2020 DR Cost of sales expense CR Inventory 8 409 8 409 E. 30 June 2020 DR Purchases CR Bank 47 514 47 514 DR Inventory Cost of sales expense 10 947 10 947 CR