Inventory Costing Methods

Spiegel Department Store has the following data for inventory, purchases, and sales of merchandise for December:

Spiegel uses a periodic inventory system. All purchases and sales are for cash.

$1.$ Prepare the journal entries to record these transactions assuming Spiegel chooses to use the FIFO method. If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent.

Dec $2$

Dec $5$

Dec $7$

Dec $10$

Dec $12$

Dec $14$