List of Accounts Assume Blossom unes FIFO perpetual Calculate the cost of ending inventory cost of red and gross profit Ending inventory 3 $ Cost of goods sold Gross pront $ e Textbook and Media bul List of Accounts 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.( no entire select "No Entry for the account Witles and enter for the amounts Credit runt titles are automatically indented when the amount is entered. Do not indent manually! (11 FIFO periodic Debit Date Account Titles and explanatis July 10 To record cash purchase.) July 11 (To record cash sale) (21 FIFO perpetual Debit Date Account Titles and Explanation July 10 (To record cash purchase.) July 11 To record cash sales.) July 11 (To record cost of roods sold) List of Accounts Assume Blossom unes FIFO perpetual Calculate the cost of ending inventory cost of red and gross profit Ending inventory 3 $ Cost of goods sold Gross pront $ e Textbook and Media bul List of Accounts 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.( no entire select "No Entry for the account Witles and enter for the amounts Credit runt titles are automatically indented when the amount is entered. Do not indent manually! (11 FIFO periodic Debit Date Account Titles and explanatis July 10 To record cash purchase.) July 11 (To record cash sale) (21 FIFO perpetual Debit Date Account Titles and Explanation July 10 (To record cash purchase.) July 11 To record cash sales.) July 11 (To record cost of roods sold)