Wildhorse Company sells one product. Presented below is information for January for Wildhorse Company.

Nov. 1		Inventory		320	units at $10 each
5		Purchase		220	units at $11 each
10		Sale		440	units at $16 each
15		Purchase		440	units at $10.50 each
21		Sale		490	units at $17 each
30		Purchase		310	units at $10.80 each

Wildhorse uses the FIFO cost flow assumption. All purchases and sales are on account.

(a)

Assume Wildhorse 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 360 units. (If no entry is required, select "No entry" for the account titles and enter 0 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
choose a transaction date Nov. 1Nov. 5Nov. 10Nov. 15Nov. 21Nov. 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Nov. 1Nov. 5Nov. 10Nov. 15Nov. 21Nov. 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Nov. 1Nov. 5Nov. 10Nov. 15Nov. 21Nov. 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Nov. 1Nov. 5Nov. 10Nov. 15Nov. 21Nov. 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Nov. 1Nov. 5Nov. 10Nov. 15Nov. 21Nov. 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
Nov. 30	enter an account title for the journal entry on November 30	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on November 30	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on November 30