Sheridan Company sells one product. Presented below is information for January for Sheridan Company. Nov. 1 Inventory 290 units at $8 each 5 Purchase 170 units at $9 each 10 Sale 360 units at $17 each 15 Purchase 360 units at $8.50 each 21 Sale 410 units at $18 each 30 Purchase 340 units at $8.80 each Sheridan uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Sheridan uses a periodic system. Prepare all necessary journal entries, including the end-of-month closing entry to record cost of goods sold. A physical count indicates that the ending inventory for November is 390 units. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Nov.5 Purchases 1530 Accounts Payable 153 Nov. 10 Accounts Receivable 6120 Sales Revenue 612 Nov. 15 Purchases 3060 Accounts Payable 306 Nov. 15 Purchases 3060 Accounts Payable 306 Nov. 21 Accounts Receivable 7380 Sales Revenue 738 Nov. 30 Purchases 2992 Accounts Payable 299 Nov. 30 Inventory Cost of Goods Sold Inventory 232 Purchases 758 Accounts Payable 2992 ov. 30 Inventory Cost of Goods Sold Inventory 2320 Purchases 7582