Bridgeport Corporation sells one product, with information for July as follows: Bridgeport uses the FIFO cost formula. All purchases and sales are on account. Ignore any estimated returns on purchases and sales. Assume Bridgeport uses a periodic system. Prepare all journal entries needed, including the end-of-month adjusting entry to recard cost of goods sold. A physical count indicates that the ending irwentory for July is 110 units. (Credit account bities are automatically indented when the amount is entered. Do not indent marually if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) eTextbook and Media Calculate gross profit using the periodic system. Gross profit/ (lass) $ Caloulabe prow probt iahn the perpetal eyten. Grow aratsinat