The Courtland Corp. company has the following purchases and sales during the year ended December 31, 2014. Inventory and Purchases Beginning: 300 units @ $44/unit March 18: 450 units @$45/unit July 17: 300 units @ $43/unit Sales May 12: 300 units October 26: 300 units The units have a selling price of $55.00 per unit. a) Please fill in the table by calculating the dollar value of cost of goods sold and ending inventory, as well as the gross profit earned by Courtland Corp, using the FIFO system. 22C Partly sunny 1006 126 PM Cost of Goods Sold Ending Inventory Gross Profit b) Prepare journal entries to record the following (assuming all sales and purchases are for cash): (a) The purchase on July 17, (b) The sale on October 20. Enter the transaction letter as the description when preparing a journal entry. When a transaction requires two separate journal entries, use the same letter for both descriptions. Dates must be entered in the format dd/mmm (le. 15/Jan). Date General Journal Account/Explanation F Debit Page GJB Credit FIFO C O 0