name of the account totles and answer of the debits and credits

On May 1. Sheridan Company had 440 units of inventory on hand, at a cost of $4.00 each. The company uses a perpetuat inventory system. All purchases and sales are on account. A record of inventory transactions for the month of May for the company is as follows: (a) Calculate the cost of goods sold and ending inventory using FIFO. May 3 (To record sales on account.) May 3 (To record cost of goods sold.) May 4 (To record purchase on account.) May 16 (To- record saies on account.) May 16