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Cali's Kennels needs help understanding her Cost of Goods Sold and Ending Inventory balances for the month of October 2020. Using the following information, please

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Cali's Kennels needs help understanding her Cost of Goods Sold and Ending Inventory balances for the month of October 2020. Using the following information, please record the required journal entries for the month of October and determine the total cost of good sold and ending inventory balances. Kali's Kennels uses a perpetual inventory system and costs inventory using the first in, first out (FIFO) method. Inventory Balance (units), October 1, 2020: 150 units Inventory Balance ($), October 1, 2020: $8,550 Purchases Units Unit Cost 03-Oct 100 $62 12-Oct 120 $64 24-Oct 200 $65 Sales Units Selling Price 18 Oct 350 $95 28-Oct 130 $95 Note: all purchases and sales are done on credit. Parayah Required: 1) Required Journal Entries to record all inventory purchases and sales. 2) Determine the Cost of Goods Sold for October 2020 (units and dollars). search O 3' Paragraph BIE Required: 1) Required Journal Entries to record all inventory purchases and sales. 2) Determine the cost of Goods Sold for October 2020 (units and dollars). 3) Determine the Ending Inventory as at October 31, 2020 (units and dollars). DATE ACCOUNT DEBIT CREDIT Path p> strong

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