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18 Brede sports Led Brody Sports, is a sporto chop that carries a range of sporting goods. The most popular selling items are all hockey related items. They carry a range of NHL replica jerseys and of course international team:. By far the biggest selling jersey is the Canadian jersey. Local teams purchase their jerseys from a range of jerseys they have on offer. A lot of customers pay in cash, but the teams that have accounts with the store can 49 purchase on account, usually 2/10, net 30. The store manager ensures that the staff rotate the stock co that the older items are displayed at the front of the chelves and are sold first. When large orders are placed the same system applies and Brody Sports uses 50 perpetual FIFO cyctem to manage its inventory. You have been hired as a bookkeeper to maintain the sales journal and keep a track of inventory using your 51 knowledge of perpetual FIFO systems, 52 During the month of September the following transaction takes place. Brody Sports already has a stock of 40 jerseys that had a cost price of $25 each, from last year. September tends to be a busy 53 month as teams come in to buy forces for the new season 54 55 01-Sap Sold 20 orseys for cash feelling price $125 cach) 56 02-Sep Purchases another 85 jerseys at $30 each. Term: 2/10, net 30. 09-SepSold another 30 jerseys on account, 2/10 net 30. to the West End Worblers. (selling price $120 ST cach) 58 14-Sep Paid for the purchase on copt 2nd. 59 17.Sep Purchases another 50 jerseys st 33 cach. Terms 2710.net 30. 21-SepSold another 50 jerseys on account, 2/10 net 30, to the East Side Moiners. (selling price $115 each) 60 61 22-Sep West and worblors, settled their account by paying for the purchase on the Sth of copt in full 62 22-Sep Eastside Mainers, returned 4 defective jersey purchased on the 21st. 63 23-Sep Eastside minets, settled their sccount paying for the resinder of the purchase on 21st in full 64 24 Sep cold another 5. forses for cash (selling price $125 each) 65 23-Sep stock account forcaled, that there are only 32 jerseys were in stock. Adjust inventory if needed. 66 67 NOTE: the investory charts only go to the 24th 68 complete the following table to track cost of goods sold during the month (esiog FIFO Bethod) 69 Purchases Sales Balance 70 Bote Guantity Unit cost Vabue Guantity Unit cost Value Quantity Unit cost Valus 71 Opening 72 01-Sep 202-3 SP 75 76 09-Sep 11-SSE 21-54 81 24-$ 82 89 b) Jocs cction for the month, using the perpetual method. 34 Description Ref DA OT se CR SO 81 M 154 155 156 157 158 159 160 161 162 163 164 165 166 C) complete the folloing table to track cost of goods sold during the month. (using Avearge method) 167 Purchases Sales Balance Date Quantity Unit cost Value Quantity Unit cost Value Quantity Unit cost 169 170 171 172 173 174 175 168 Value 176 177 178 Sheet1 Sheet2 Sheet3 Ready Type here to search o TI C