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Carla Vista Co. had a beginning inventory balance on July 1 of 410 units at a cost of $3.00 each. During the month, the following inventory transactions took place: Purchases Sales Cost per unit Date Units Date Units Price per unit $5.90 July 10 1,600 $3.10 July 2 270 13 670 3.50 11 1,010 5.90 27 600 3.90 28 730 6.40 Calculate the cost of goods available for sale and the number of units of ending inventory. Cost of goods available for sale 12,224 Number of units of ending inventory 1,270 units Assume Carla Vista uses FIFO periodic. Calculate the cost of ending inventory.cost of the goods sold, and gross profit. $ 4,685 Ending inventory CA 6.190 Cost of goods sold 6,034 $ Gross profit Assume Carla Vista uses FIFO perpetual. Calculate the cost of ending inventory.cost of goods sold, and gross profit. Ending inventory $ 4,685 Cost of goods sold $ 6,190 Gross profit A 6,034 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 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (1) FIFO periodic Date Account Titles and Explanation Debit Credit July 10 Merchandise Inventory 4960 Cash 4960 (To record cash purchase.) 1 July 11 Cash 5959 Sales 5959 (To record cash sale.) (2) FIFO perpetual Date Account Titles and Explanation Debit Credit July 10 Merchandise Inventory 4960 Cash 4960 (To record cash purchase.) July 11 Cash 5959 Sales 5959 (To record cash sales.) 3117 July 11 Cost of Goods Sold 3117 Merchandise Inventory (To record cost of goods sold.)