Top Light Company uses a perpetual inventory system. The company began 2020 with 1,500 lamps in inventory at a cost of $15 per unit. During 2020, Top Light had the following purchases and sales of lamps DATE Feb 13 April 24 June 6 October 18 PURCHASE / SOLD UNITS Purchased 2,100 units Sold 2,400 units Purchased 3,500 units Sold 2,800 units COST OR SELLING PRICE $18 / unit $40 / unit $23/unit $45/unit Required: 1. Use the following table to calculate the cost of goods sold and ending inventory using FIFO. Date Purchases Cost of Goods Sold Inventory Balance Total Cost/ Total Cost/ Units Cost/unit cost Units unit cost Units unit Total cost Jan. 1 beginning inventory Feb 13 Apr. 24 Jun. 6 Oct 18 Totals Cost of goods available for sale Cost of goods sold Ending inventory Required cont'd 2. Prepare the journal entries to record the sale on April 24" and the purchase on June 6th 3. On December 31, 2020 the company counted its inventory and determined there were actually 1,800 units on hand. Prepare the adjusting journal entry, if any, to record the difference