PA8. 10.3 Prepare journal entries to record the following transactions, assuming perpetual inventory updating and first-in, first-out (FIFO) cost allocation. Assume no beginning inventory. Number of Units Unit Cost Sales Purchased 165 $21 Sold 120 $36 Purchased 27 Sold 39 Purchased 225 180 210 33 Problem PAS GENERAL JOURNAL TAGE Sinceredes no choose your own dates to these transactions 20 T PA9.C 10.3 Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and using perpetua inventory updating. Provide calculations for first-in, first-out (FIFO). Number of Units Unit Cost Sales Beginning inventory 240 $100 Sold 160 $140 Purchased 103 Purchased 400 110 Sold 370 144 Ending inventory 520 400 Sold 142 230 Cost of Goods Purchased No. of Units Unit Cost Total Cost FIFO (perpetual) Inventory Cost of Goods Sold No. of Units Unit Cost Total Cost Cost of Remaining inventory No. of Units Con Total Cost Bezinning Sale Purch Sale Purchase Sale Total Purchases Total COOS Gross Margin. FIFO perpetual Sales -C065 =Gross Megin