What is cost of goods sold given the five transactions below? (Beginning balance inventory =$7,000 ). - Your Company purchased $50,000 of inventory on account, terms 1/10, n30. - Your Company purchased inventory under FOB destination. Shipping cost $750. - Your Company returned $10,000 of the inventory before paying its bill. - Your Company paid the amount owed in the first transaction on day 18. - Your company sold all of its inventory on account, terms 2/10,n30. 147,350 147,750 539,600 440,350 547,000 Your Company reported net sales in June of $500,000. At the beginning of June, the company reported beginning inventory of $375,000. Cost of goods purchased during june amounted to $164,500. The company reported ending inventory at the end of june of 1210,500 . What was the company's gross profit margin for june? 3329,000 5500,000 421,000 5171,000 3,79,000 On October 1, Yoar Company sold merchandise in the amourt of $10000, with credit tenms of 2/0, n. 30 . The cost of the items sold is 54,000 . Your Conpany uses the perpetual inventory system. Yoa received payment on October 16 . Waich joural entry records the Oetober 16 transaction