From the information below for Cindy's Tea,preparethe Journal entriesfor the Purchases AND Sales of Inventory under both the(a)FIFO and (b)Weighted Average methods.Assume the selling price per Box of Tea is $20.00

Opening Inventory September1:$100(10Boxes of Tea at a cost of$10 per Box)

PURCHASES during Month: September 5th(60 Boxes of Tea at a cost of $11 per Box)

September 26th (70 Boxes of Tea at a cost of $12 per Box)

SALES during the Month:September 15th (30 Boxes of Tea)

September 29th (90 Boxes of Tea)