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During the months of January and February. Aue Corporation purchssed goods from three mppliers. The sequence of events was as follows: Jonuary 6 Purchased gooft fon 51,100 froe oreen with teres 2/15, wite. January 6 Purchased goadt from Henes for 31 , 600 with terks 2/15, w/6e. Jenuary i4 pald oreen in fuil. rebruary 2 Paid Munor in full. february 20 Purchased goods for s00e frue feynoldy with terns nee. Required: Assume that Axe uses a perpetual inventory system, the company had no imventory on hand at the beginning of January, and no sales were made during January and February. Calculate the cost of inventory as of February 28 [The following information applies to the questions displayed below] Ramos Hair Styling is a wholesaler of hair supplies. Ramos Hair Styling uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise 33e,957). b. Aecelved aerchandise returned by custoners as unsatisfactory (but in periect condition) foe. cash refund (orisinal cost of merchandise 1300 ). c. Sold merchandise (costing 56,460 ) to a custoner on account with terns a/6e. d. Collected half of the bnlance oned by the custaner in (c). e. Granted a partial allouance relating to credit sales the custoner in (c) had not yet paid. f. Anticipate (cerums-or-merctondise (costing 5200) stter year-end frem soles made during Required: 1. Compute Net Sales and Gross Profit for Ramos Hair Styling [The following information applies to the questions displayed below] Ramos Hair Styling is a wholesaler of hair supplles. Ramos Hair Styling uses a perpetual inveritory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cath (cost of merchandise 530,957 ). cash refund (original cost of eerchandise $268). c. 501d merchandise (costing 56,460 ) to a customer on account with terns n/60. d. collected half of the balance oued by the custoner in (c). c. Granted a partial allowance relating to credit sales the custoner in (c) had not yet pald. f. Anticipate further returns of merchandise (costing 5260) after year-end from sales made during the year. 2. Compute the gross profit percentage. (Round your answer to 1 decimol ploce.) Required information [The following information applies to the questions displayed below] Ramos Hair Styling is a wholesaler of hair supplies. Ramos Hair. Styling uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis a. Sold merchandise for cash (cost of nerchandise $36,957 ). b. Received merchandise returned by custoners as unsatisfactory (but in perfect candition) for 555,040 cash refund (orifinal cost of merchandist 5280). c. Sold merchandise (costing 96,460 ) to a customer on account with teres n/6e. d. Collected half of the bolance aved by the customer in (c). e. Granted a partial allowance relating to credit sales the customer in (c) had nat yet paid. f. Anticipate the year. ther returns of merchandise (costing \$200) after year-end from sales node during Ramos Hair Styling is considering a contract to sell merchandise to a hair salon chain for $27,000. This merchandise will cost Ramos Hair Styling $17,800. What would be the increase (or decrease) to Ramos Hair Styling gross profit and gross profit percentage? (Round "Gross Profit Percentage" to 1 decimal place.)