Current Attempt in Progress Whispering Winds Corporation sells one product, with information for July as follows: Whispering Winds uses the FIFO cost formula. All purchases and sales are on account. Ignore any estimated returns on purchases and sales. (a) Assume Whispering Winds uses a periodic system. Prepare all journal entries needed, including the end-of-month adjusting entry to record cost of goods sold. A physical count indicates that the ending inventory for July is 110 units. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tites and enter o for the amounts. List all debit entries before credit entries. Record joumal entries in the order presented in the problem.)