Sandhill Co. sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Sandhill's purchases and sales of the ultra-lightweight showboard in October: Date Transaction Units Unit Purchase Price Unit Sales Price Oct. 1 Beginning inventory 25 $305 10 Purchase 30 311 12 Sale (42) $486 13 Purchase 35 317 25 Sale (45) 496 27 Purchase 20 324 Assume that all of Sandhill's sales are for cash and all of its purchases are on account. Record the purchase on October 10 and sale on October 12 for Sandhill Co. in a perpetual inventory system under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to three decimal places, eg. 5.275 and final answers to 2 decimal places, e.g. 5,275.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Explanation Debit Credit 9,330 9,330 Record the purchase on October 13 and sale on October 25 for Sandhill Co. in a periodic inventory system under (1) FIFO and (2) weighted average. (Credit account titles-are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Periodic-FIFO Oct. 13 (To record purchase on account.) Sandhill Co. sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Sandhill's purchases and sales of the ultra-lightweight showboard in October: Date Transaction Units Unit Purchase Price Unit Sales Price Oct. 1 Beginning inventory 25 $305 10 Purchase 30 311 12 Sale (42) $486 13 Purchase 35 317 25 Sale (45) 496 27 Purchase 20 324 Assume that all of Sandhill's sales are for cash and all of its purchases are on account. Record the purchase on October 10 and sale on October 12 for Sandhill Co. in a perpetual inventory system under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to three decimal places, eg. 5.275 and final answers to 2 decimal places, e.g. 5,275.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Explanation Debit Credit 9,330 9,330 Record the purchase on October 13 and sale on October 25 for Sandhill Co. in a periodic inventory system under (1) FIFO and (2) weighted average. (Credit account titles-are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Periodic-FIFO Oct. 13 (To record purchase on account.) Sandhill Co. sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Sandhill's purchases and sales of the ultra-lightweight showboard in October: Date Transaction Units Unit Purchase Price Unit Sales Price Oct. 1 Beginning inventory 25 $305 10 Purchase 30 311 12 Sale (42) $486 13 Purchase 35 317 25 Sale (45) 496 27 Purchase 20 324 Assume that all of Sandhill's sales are for cash and all of its purchases are on account. Record the purchase on October 10 and sale on October 12 for Sandhill Co. in a perpetual inventory system under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to three decimal places, eg. 5.275 and final answers to 2 decimal places, e.g. 5,275.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Explanation Debit Credit 9,330 9,330 Record the purchase on October 13 and sale on October 25 for Sandhill Co. in a periodic inventory system under (1) FIFO and (2) weighted average. (Credit account titles-are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Periodic-FIFO Oct. 13 (To record purchase on account.) Sandhill Co. sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Sandhill's purchases and sales of the ultra-lightweight showboard in October: Date Transaction Units Unit Purchase Price Unit Sales Price Oct. 1 Beginning inventory 25 $305 10 Purchase 30 311 12 Sale (42) $486 13 Purchase 35 317 25 Sale (45) 496 27 Purchase 20 324 Assume that all of Sandhill's sales are for cash and all of its purchases are on account. Record the purchase on October 10 and sale on October 12 for Sandhill Co. in a perpetual inventory system under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to three decimal places, eg. 5.275 and final answers to 2 decimal places, e.g. 5,275.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Explanation Debit Credit 9,330 9,330 Record the purchase on October 13 and sale on October 25 for Sandhill Co. in a periodic inventory system under (1) FIFO and (2) weighted average. (Credit account titles-are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Periodic-FIFO Oct. 13 (To record purchase on account.) Sandhill Co. sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Sandhill's purchases and sales of the ultra-lightweight showboard in October: Date Transaction Units Unit Purchase Price Unit Sales Price Oct. 1 Beginning inventory 25 $305 10 Purchase 30 311 12 Sale (42) $486 13 Purchase 35 317 25 Sale (45) 496 27 Purchase 20 324 Assume that all of Sandhill's sales are for cash and all of its purchases are on account. Record the purchase on October 10 and sale on October 12 for Sandhill Co. in a perpetual inventory system under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to three decimal places, eg. 5.275 and final answers to 2 decimal places, e.g. 5,275.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Explanation Debit Credit 9,330 9,330 Record the purchase on October 13 and sale on October 25 for Sandhill Co. in a periodic inventory system under (1) FIFO and (2) weighted average. (Credit account titles-are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Periodic-FIFO Oct. 13 (To record purchase on account.)