Neverstop Corporation sells item A as part of its product line. Information about the beginning inventory, purchases, and sales of item A are given in the following table for the first six months of the current year. The company uses a perpetual inventory system: Prepare journal entries to record the purchase and sale transactions, as well as the cost of sales, assuming that all sales and purchase transactions are on account and that the weighted-average method is used. (Do not round intermediate calculations and ound the final answers to 2 decimal places. If no entry is required for a transaction/event, select "No journal entry required" in the irst account field.) Record sales on account. Record cost of sales on goods sold on account. Record purchase of goods on account. Record sales on account. Record cost of sales on goods sold on account. Record purchase of goods on account. Note : = journal entry has been entered Issume that because of a clerical error, the ending inventory is reported to be 1,015 units rather than the actual number of units ( 1,115) on hand. ja. If FIFO is used, calculate the amount of the understatement or overstatement in the cost of sales for the first six months of the urrent year. b. If FIFO is used, calculate the amount of the understatement or overstatement in the current assets at June 30 of the current year