Question 3 of 4 Powder Inc. sells an Xpert snowboard that is popular with snowboard enthusiasts. The following information shows Powder's purchases and sales of Xpert snowboards during November: Date Explanation Units Unit Cost/Price Nov. 1 Beginning inventory 32 $296 5 Purchases 25 301 12 Sales (42) 482 19 Purchases 40 306 22 Sales (50) 493 25 Purchases 32 311 37 (a1) Prepare journal entries to record purchases (on account) and sales (cash) for Powder in a perpetual inventory system using FIFO. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent