question c)

Exercise 5-7 (Part Level Submission) Delta Furniture Supply sells various furniture items and uses a perpetual inventory system. On November 1 it had no tables in stock. The following transactions occurred during November: Nov. 3 Delta purchased 150 tables from Burnaby Manufacturing Ltd. for $13,500, terms n/30, FOB shipping point. 3 Delta paid $450 to Freight Forward Company for the delivery of the tables. 19 Delta sold 45 tables to Hobby Horse Inc. for $170 each on credit, terms 2/10, n/30, FOB destination. 19 Delta paid $135 cash to Freight Forward Company for the delivery of the tables to Hobby Horse Inc. 21 Hobby Horse Inc. returned five tables. Delta credited Hobby Horse's account and the tables were returned to inventory. 29 Delta received the amount owing from Hobby Horse Inc. 30 Paid Burnaby Manufacturing Ltd. for the tables purchased on November 3. On November 30, Delta did an inventory count and found that there were 109 tables on hand. (a) (b) v (c) Calculate cost of goods sold after recording any required adjustments. Cost of goods sold Click if you would like to Show Work for this question: Open Show Work