1.ApCo uses the perpetual method and FIFO. Here are its 20X9 inventory records as of Dec. 31:

Units

Unit cost

Total cost

January 1

Beginning inventory

800

$50.00

$40,000

March 12

Purchase

1,000

52.50

52,500

May 25

Sells 800 units

August 23

Purchase

1,000

55.00

55,000

October 15

Sells 1,400 units

November 16

Purchase

1,500

56.00

84,000

December 11

Sells 800 units

Total

4,300

$231,500

Present the journal entry for each sale's cost of goods sold.