Question 22 Cullumber Company sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Cullumber's purchases and sales of the ultra-lightweight snowboard in October Unit Purchase Unit Sales Date Transaction Units Price Price O. 1 Beginning inventory $304 10 Purchase 310 12 Sale $465 13 Purchase 316 25 Sale 475 27 Purchase 322 Assume that all of Cullumber's sales are for cash and all of its purchases are an account. Record the purchase on October 10 and sale on October 12 for ulumber Company in a perpetual inventory system under (FIFO and (2) weighted average. (Round the weighted average cost per unit to three decim entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Perpetual-FIFO Oct. 10 To record purchase on account.) Oct. 12 To record cash) Oct. 12 To record cost of goods sol.) Perpetual-Weighted Average Oct. 10 To record purchase on account.) Oct. 12 To record cash sales.) Oct. 12 To record cost of goods sold.) SHOW LIST OF ACCOUNTS Record the purchase on October 13 and sale on October 2S for Culumber Company in a periodic inventory system under (1) FIFO and (2) weighted average. (Credit account titles are automatically indented when the Debit Credit Date Account Titles and Explanation Periodic-FIFO To record purchase on account.) Oct. 25 To record cash sas) Periodic-Weighted Average Oct. 13 To record purchase of account.) Oct. 25 To record cash sales.)