Oriole Novelty had a beginning inventory balance on July 1 of 420 units at a cost of $2.80 each. During the month, the following inventory transactions took place: Calculate the cost of goods available for sale and the number of units of ending inventory. Cost of goods available for sale $ Number of units of ending inventory units Ending inventory Cost of goods sold Gross profit $ List of Accounts Assume Oriole uses FIFO perpetual. Calculate the cost of ending inventory, cost of goods sold, and gross profit. Ending inventory $ Cost of goods sold $ Gross profit $ 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. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) (1) FIFO periodic (2) FIFO perpetual (2) FIFO perpetual Date Account Titles July 10 July 11 (To record cash sales.) July 11 (To record cost of goods sold.) List of Accounts