Slopes Sales Company had the following transactions during August the first month of the company's fiscal year. Assume the company had no inventory on hand prior to August
Slope Sales Company uses a perpetual inventory system.
tableAugtablePurchased inventory costing $ on credit terms of net eom. The good's wereshipped FOB Slope's warehouse.tableshipped FOB Slope's warenouse.Returned percent of the inventory purchased on August It was defective.tableReturned percent of the invent Soods for cash, $cost $tableSold goods for cash, $cost $Purchased inventory of $ less a $ quantity discount. Credit terms were n The goods were shipped FOB Shipping point.table The goods were shipped FOB Shipping point.Paid a $ freight bill on the inventory purchased on August cost $Paid a $ freight bill on the inventory for $ on credit terms of cost $tableSold inventory for $ on credit terms of sale, $
