K Dundas Company's inventory records for its retail division show the following at December 31: (Click the icon to view the accounting records.) At December 31, 11 of these units are on hand. Read the requirements. Date Inventory Journal Entry Date Accounts Accounts Payable Debit Journal Entry 3,105 Requirement 2. Journalize for Dundas total December sales and cost of goods sold in two summary entries, under the perpetual system. The selling price was $550 per unit and all sales were on credit. Assume that Dundas uses the FIFO inventory method. (Record debits first, then credits. Exclude explanations from any journal entries.) Accounts Let's start by recording the entry for December sales. Do not yet record the cost related to the sale. We will do this in the next journal entry. Credit 3,105 Debit Credit

Dundas Company's inventory records for its retail division show the following at December 31 : (Click the loon to view the accounting records.) At December 31,11 of these units are on hand. Read the requirements. Requirement 2. Joumalize for Dundas total December sales and cost of goods sold in two summary entrios, under the perpetual system. The selling price was $550 per unit and all sales were on credit. Assume that Dundas uses the FIFO inventory method. (Record debits first, then crodits. Exclude explanations from any journat entrios.) Let's start by recording the entry for December sales. Do not yot record the cost related to the sale. We will do this in the next journal entry. Dundas Company's inventory records for its retail division show the following at December 31 : (Click the loon to view the accounting records.) At December 31,11 of these units are on hand. Read the requirements. Requirement 2. Joumalize for Dundas total December sales and cost of goods sold in two summary entrios, under the perpetual system. The selling price was $550 per unit and all sales were on credit. Assume that Dundas uses the FIFO inventory method. (Record debits first, then crodits. Exclude explanations from any journat entrios.) Let's start by recording the entry for December sales. Do not yot record the cost related to the sale. We will do this in the next journal entry