YiCo buys 800 cases of tennis balls listed at $130 per case and for which YiCo is given a 15% volume discount. YiCo sells 70% of the cases for cash. The cost of the unsold merchandise is ... $15, 600 $31, 200 $26, 520 $77, 350 JaCo uses the periodic method and records merchandise purchases at net. Its 20X4 ending inventory is $69,000. During 20X5, JaCo purchases merchandise for $878,000, with freight-in of $11,000. Purchase returns are $17,000, purchase discounts lost are $4,000, and the cost of merchandise on hand at year end is $91,000. At year end, JaCo records the following entry: a. Ending Inventory 91,000 Purchase Returns 17,000 Cost of Goods Sold 850,000 Purchases 878,000 Freight-In 11,000 Beginning Inventory 69,000 b. Ending Inventory 91,000 Purchase Returns 17,000 Cost of Goods Sold 846,000 Purchase Discounts Lost 4,000 Purchases 878,000 Freight-In 11,000 Beginning Inventory 69,000 c. Ending Inventory 91,000 Purchase Returns 17,000 Cost of Goods Sold 854,000 Purchases 878,000 Freight-In 11,000 Beginning Inventory 69,000 Purchase Discounts Lost 4,000 d. Beginning Inventory 69,000 Purchase Returns 17,000 Cost of Goods Sold 894,000 Purchases 878,000 Freight-In 11,000 Ending Inventory 91,000