The inventory records of Thimble Company show the following: Foblem 7-4 repare journal entries for urchases and sales using e FIFO perpetual inventory ocedures (L.O. 3,5) March 1 3 10 12 20 25 31 Beginning inventory consists of 10 units costing $80 per unit. Sold 5 units at $188 per unit. Purchased 16 units at $96 per unit. Sold 8 units at $192 per unit. Sold 7 units at $192 per unit. Purchased 16 units at $100 per unit. Sold 8 units at $192 per unit. Assume all purchases and sales are made on credit. quired E Using the FIFO perpetual inventory procedure, prepare the appropriate journal entries for March