Sandhill Snowboards 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 snowboard in October: Assume that all of Sandhill's sales are for cash and all of its purchases are on account. Perpetual-FIFO Oct. 10 Purchased Accounts Payable 9330 Oct. 12 Cash 20412 Sales 20412 (To record cash sales.) Oct. 12 Cost of Goods Sold Merchandise Inventory (To record cost of goods sold.) Perpetual-Weighted Average Oct. 10 Purchases Accounts Payable Oct. 12 Cash 20412 9330 Sales (To record cash sales.) Oct. 12 Cost of Goods Sold Merchandise Inventory (To record cost of goods sold.)