The following selected transactions were completed during August between Summit Company and Beartooth Co.: Aug. 1 Summit Company sold merchandise on account to Beartooth Co., $47,600, terms FOB destination, n/15. The cost of the goods sold was $27,760. 2 Summit Company paid freight of $1,265 for delivery of merchandise sold to Beartooth Co. on August 1. 5 Summit Company sold merchandise on account to Beartooth Co., $63,980, terms FOB shipping point, n/eom. The cost of the goods sold was $43,180. 9 Beartooth Co. paid freight of $2,450 on August 5 purchase from Summit Company. 15 Summit Company sold merchandise on account to Beartooth Co., $60,300, terms FOB shipping point, n/45. Summit paid freight of $1,725, which was added to the invoice. The cost of the go