Cullumber Company sells one product. Presented below is information for January for Cullumber Company. Nov. 1 Inventory 5 Purchase 10 Sale 15 Purchase 21 Sale 30 Purchase 350 units at $8 each 210 units at $9 each 490 units at $19 each 490 units at $8.50 each 510 units at $20 each 390 units at $8.80 each Cullumber uses the FIFO cost flow assumption. All purchases and sales are on account. . Your answer is partially correct. Assume Cullumber uses a periodic system. Prepare all necessary journal entries, including the end-of-month closing entry to record cost of goods sold. A physical count indicates that the ending inventory for November is 440 units. (If no entry is required, select "No entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Nov. 30 e Textbook and Media List of Accounts * Your answer is incorrect. Compute gross profit using the periodic system. Gross profit $ . Your answer is partially correct. Assume Cullumber uses a perpetual system. Prepare all necessary journal entries. (If no entry is required, select "No entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Nov. 10 Nov. 159 Nov. 21 ) e Textbook and Media List of Accounts * Your answer is incorrect. Compute gross profit using the perpetual system. Gross profit $