Bermuda Beach Boutique Company uses a perpetual inventory system. Beginning Inventory is 2,100 t-shirts at a cost $2.75 per shirt. All purchases and sales are made on account. During the year Bermuda Beach Boutique purchased and sold the following shirts:

Date	Transaction	Quantity	Cost
Jan 12	Purchased	800	$3.15
Feb 18	Sold	1,750	$9.50
July 1	Purchased	1,250	$3.50
Aug 29	Sold	1,475	$10.50
Sep 1	Sold	425	$11.00

The company is not sure which inventory cost flow assumption to use. The owner would like you to perform some calculations for both methods, then provide some advice.

Prepare the journal entry for the sale on February 18

Date	Particulars	Debit	Credit