Cullumber Novelty had a beginning inventory balance on July 1 of 360 units at a cost of $3.10 each. During the mont inventory transactions took place: Prepare journal entries to record the July 10 purchase and the July 11 sale using (1) FIFO periodic and (2) FIFO perpetual. Assume both the sale and purchase were for cash. (If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit account titles are automaticolly indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) (2)FIFO perpetual Date Account Titles Debit Credit July 10 July 11 (To record cash sales.) July 11 (To record cost of goods sold.)