The following events occurred:

10/1/2020	Purchased 100 units @ $10/unit
10/15/2020	Returned 10 units for full refund
10/30/2020	Sold 60 units @ $14/unit FOB Shipping Point (shipped same day)
11/15/2020	Purchased 200 units @ $12/unit
11/18/2020	Sold 210 units @ $15/unit FOB Destination (arrived at customer 12/15)
12/12/2020	Purchased 100 units @ $14/unit
12/18/2020	Obtained $20 discount on 12/12 purchase
12/30/2020	Agreed to sell 50 units @ $16 FOB Destination (in transit at year end)

Based on this information,

1. What is the value of Ending Inventory at the fiscal year end of 12/31/2020?

2. What is the value of Cost of Goods Sold at the fiscal year end of 12/31/2020?

3. Prepare the adjusting journal entry that would be used to record Cost of Goods Sold on 12/31/2020.

please show any work