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November 26: The shipping cost for the inventory purchase of November 20, was...

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Accounting

November 26: The shipping cost for the inventory purchase of November 20, was $283 with terms FOB Shipping Point. Record the payment of the shipping charges if needed.
November 29: The company sold 2,450 units of inventory to Little Matt's for $23.00 per unit for cash. Record the sale of the inventory.
November 29: The company sold 2,450 units of inventory to Little Matt's for $23.00 per unit for cash. Record the entry to reduce inventory and record the expense for selling product to Little Matt's.
November 30: The shipping costs for the inventory sale of November 27, were $260 with terms FOB Shipping Point. Record the payment of the shipping charges if needed.
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