Sheridan Company sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Sheridan's purchases and sales of the ultra-lightweight snowboard in October: Unit Purchase Price Date Transaction Unit Sales Price Units Oct. 1 Beginning inventory 25 $ 299 10 Purchase 30 307 $477 12 (42) Sale 314 13 35 Purchase 487 (45) 25 Sale 20 320 27 Purchase Assume that all of Sheridan'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 Sheridan Company 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.3. 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 for the amounts.) Debit Credit Date Account Titles and Explanation Perpetual--FIFO Oct 10 Merchandise Inventory 9210 Accounts Payable 9210 (To record purchase on account.) 1 20034 Cath Oct. 12 20034 Sales (To record cash sales.) Oct. 12 Cost of Goods Sold weddinventory (To record cash sales.) Oct. 12 Cost of Goods Sold Merchandise Inventory (To record cost of goods sold.) Perpetual --Weighted Average Oct. 10 (To record purchase on account.) Oct. 12 (To record cash sales.) Oct. 12 ZU (To record purchase on account.) Oct. 12 (To record cash sales.) Oct. 12 (To record cost of goods sold.)