A company has the following transactions during March: 
Record all transactions, including the month-end adjustment to cost of goods sold, assuming the company uses a periodic inventory system and has no beginning inventory.
Definitions:
Sustainable Growth Rate
The maximum rate at which a company can grow its sales, earnings, and dividends without having to increase debt or equity financing.
Inventory Turnover
A ratio showing how many times a company has sold and replaced inventory over a given period.
Inventory Balance
The total value of all the goods and materials held by a company as stock, intended for sale or production.
COGS Formulation
COGS formulation involves calculating the direct costs attributable to the production of the goods sold by a company, including materials and labor.
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