record a journal entry that shows all goods initially on hand at the beginning of the period (in the inventory account) and all goods bought during the period (in the purchases account) as having been sold by the end of the period.

Home hardwear reported beginning inventory of 15 shovels, for a total of $135. the company had the following transactions during the month:

jan 2nd- sold 4 shovels on account at a selling price of $10 per unit.

jan 16th- sold 8 shovels on account at a selling price of $10 per unit.

jan18th- bought 6 shovels on account at a cost of $9 per unit.

jan 19th- sold 8 shovels on account at selling cost of $10 per unit.

jan 24th- bought 8 shovels on account at cost of $9 per unit.

jan 31st- counted inventory and determined that 7 units were on hand.

What is the Cost of goods sold, Inventory, and purchase amount?