also, Prepare journal entries to record the November 4 purchase and the November 12 sale using weighted average. (If no entry is required, enter "No Entry" for the account titles and enter 0 for the amounts. Round the average cost per unit to three decimal places.)

Carla Vista Co.uses a perpetual inventory system. The following information is available for November: Units Sales Price Nov. 1 10 22 Purchase Price $5.00 $5.50 $6.00 Balance Purchase Purchase Sale 4 7 22 10 (10) (30) 12 $9.00 $9.00 Sale Assume all sales and purchases are on credit. Prepare journal entries to record the November 4 purchase and the November 12 sale using FIFO. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.)