are given the following information for Carla Vista Company for the month ended November 30, 2021: Units Unit Price $51 45 Date Nov. 1 9 15 65 Description Beginning inventory Purchase Sale Purchase Sale Purchase 22 110 (120) 150 (150) 44 43 29 30 42 Carla Vista Company uses a perpetual inventory system. All sales and purchases are on account Calculate the cost of goods sold and the ending inventory using FIFO. Cost of goods sold S 6560 Ending inventory 4213 Assume the sales price was $66 per unit for the goods sold on November 15, and $60 per unit for the sale on November 29. Prepare journal entries to record the November 22 purchase and the November 29 sale. (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 entero for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 22 (To record purchase on account.) Nov. 29 (To record sales on account.) Nov. 29 (To record cost of goods sold.) Calculate gross profit for November Gross profit $ eTextbook and Media List of Accounts Assume that at the end of November, the company counted its inventory. TherCare 97 units on hand. What journal entry, if any, should the company make to record the shortage? (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 for the amounts.) Account Titles and Explanation Debit Credit If the company had not discovered this shortage, what would be overstated or understated on the balance sheet and income statement and by what amount? The on the balance sheet would be bys as well as ti The on the income statement would be bys If the company had not discovered this shortage, what would be overstated or understated on the balance sheet and income statement and by what amount? vould be bys as well as the account by the same amount ent would be bys